Silver Price in 1983
The silver price fell 18.0% in 1983, from $10.87 at the end of 1982 to $8.91. Its highest close was $14.67 on Feb 15, and its lowest $8.37 on Nov 1. The biggest one-day fall was −11.7% on Feb 28 and the biggest rise +8.8% on Nov 30. Adjusted for inflation, it lost 21.0%.
Silver Price, daily closes 1983
Numbers mark the events belowKey Events in 1983
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Thursday, January 6 From the dataBack above its pre-bear-market peak of $11.24 (September 14, 1981).
- 2
Monday, February 28 From the dataEnters a bear market: 20% below its peak of $14.67 (February 15, 1983). Biggest one-day fall of the year: −11.7%.
- 3
Wednesday, March 23 From the dataBear market low: $10.24, 30.2% below the peak.
- 4
Monday, October 3 From the dataEnters a bear market: 20% below its peak of $13.55 (May 31, 1983).
- 5
Wednesday, November 30 From the dataBiggest one-day rise of the year: +8.8%.
Biggest days of 1983
| Best days | Worst days | ||
|---|---|---|---|
| Nov 30 | +8.8% | Feb 28 | −11.7% |
| Jan 10 | +7.0% | Oct 27 | −9.4% |
| Oct 6 | +6.3% | Mar 1 | −8.7% |
| Jan 17 | +5.5% | Feb 23 | −7.6% |
| Oct 28 | +4.8% | Oct 3 | −7.5% |
Volatility: 42.9% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $13.82 | +27.1% |
| Feb | $11.70 | −15.3% |
| Mar | $10.50 | −10.3% |
| Apr | $11.96 | +13.9% |
| May | $13.55 | +13.3% |
| Jun | $11.60 | −14.4% |
| Jul | $12.15 | +4.7% |
| Aug | $11.99 | −1.3% |
| Sep | $11.24 | −6.3% |
| Oct | $8.74 | −22.2% |
| Nov | $9.81 | +12.2% |
| Dec | $8.91 | −9.2% |
Other Markets in 1983
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | −18.0% | $8.91 |
| Dow Jones Industrial Average in 1983 | +20.3% | 1,258.64 |
| S&P 500 in 1983 | +17.3% | 164.93 |
| Nasdaq Composite in 1983 | +19.9% | 278.60 |
| Gold in 1983 | −16.3% | $382.40 |
| US 10-year Treasury yield in 1983 | +1.46 pp | 11.82% |
Silver Price in 1983: FAQ
How much did the silver price fall in 1983?
The silver price fell 18.0% in 1983, from $10.87 at the end of 1982 to $8.91. Its highest close was $14.67 on Feb 15, and its lowest $8.37 on Nov 1. The biggest one-day fall was −11.7% on Feb 28 and the biggest rise +8.8% on Nov 30. Adjusted for inflation, it lost 21.0%.
What were the highest and lowest closes of the silver price in 1983?
Highest: $14.67 on February 15, 1983. Lowest: $8.37 on November 1, 1983. It closed higher on 130 of 252 trading days.
Data: London silver fix from 1968 to Jan 2018 (gaps filled with Perth Mint spot), COMEX silver futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.
Cite this page
For essays, articles and research. Prices on this page update daily, so the citations include today's date as the date you accessed it.
@misc{corgano2026silverpricein1983, author = {{Corgano}}, title = {Silver Price in 1983}, howpublished = {\url{https://goldprice.corgano.com/market-history/silver/1983}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-11-01}}