Silver Price in 2008
In 2008, the price of silver averaged $14.99 per troy ounce, up 12.0% from the year before. This page covers the 2008 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.
2008 Average
$14.99
LBMA annual average, USD/oz
Change vs 2007
+12.0%
from $13.38 in 2007
2008 High
$21.36
from daily trading data
2008 Low
$8.46
from daily trading data
Year-End Close
$11.39
last trading day of 2008
Silver Price Chart, 1998 to 2018
Silver Price by Month in 2008
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2008 | $16.04 | $17.02 | $14.80 |
| February 2008 | $17.66 | $19.95 | $16.21 |
| March 2008 | $19.10 | $21.36 | $16.65 |
| April 2008 | $17.52 | $18.76 | $16.29 |
| May 2008 | $17.10 | $18.34 | $16.00 |
| June 2008 | $17.02 | $17.87 | $16.25 |
| July 2008 | $18.08 | $19.48 | $16.84 |
| August 2008 | $14.51 | $17.79 | $12.13 |
| September 2008 | $12.27 | $13.79 | $10.23 |
| October 2008 | $10.36 | $12.97 | $8.46 |
| November 2008 | $9.87 | $10.80 | $8.81 |
| December 2008 | $10.40 | $11.60 | $9.15 |
What happened to the silver price in 2008
Silver averaged $14.99 per troy ounce in 2008, up 12.0% from $13.38 the year before. Daily trading data shows silver moved between a low of $8.46 and a high of $21.36 during the year, ending 2008 at $11.39. The notable development of 2008: Financial crisis; safe-haven demand.
The 2000s revived silver as an investment asset. The launch of the SLV exchange-traded fund in 2006 opened the metal to mainstream portfolios, and the financial crisis at the end of the decade rekindled safe-haven demand.
Adjusted for inflation, silver's 2008 average of $14.99 equals about $22 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of silver in 2008?
What is a 2008 silver price worth in today's dollars?
What moved the silver price in 2008?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.