Silver Price in 1987
The silver price rose 26.9% in 1987, from $5.28 at the end of 1986 to $6.70. Its highest close was $10.93 on Apr 27, and its lowest $5.36 on Jan 7. The biggest one-day fall was −22.7% on Apr 28 and the biggest rise +19.6% on Apr 27. Adjusted for inflation, it gained 21.5%.
Silver Price, daily closes 1987
Numbers mark the events belowKey Events in 1987
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Sunday, February 22Major finance ministers sign the Louvre Accord to stabilize the dollar. SourceSilver: +0.7% next trading day (Feb 23) · +2.3% a month later
- 2
Friday, April 10 From the dataBack above its pre-bear-market peak of $6.75 (April 15, 1985).
- 3
Monday, April 27 From the dataBack above its pre-bear-market peak of $10.11 (March 5, 1984). Biggest one-day rise of the year: +19.6%.
- 4
Tuesday, April 28 From the dataEnters a bear market: 20% below its peak of $10.93 (April 27, 1987). Biggest one-day fall of the year: −22.7%.
- 5
Tuesday, June 23 From the dataBear market low: $6.76, 38.1% below the peak.
- 6
Monday, October 19Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. SourceSilver: +6.3% that day · −16.1% a month later
- 7
Friday, October 30 From the dataEnters a bear market: 20% below its peak of $8.73 (August 4, 1987).
Biggest days of 1987
| Best days | Worst days | ||
|---|---|---|---|
| Apr 27 | +19.6% | Apr 28 | −22.7% |
| May 5 | +12.8% | May 26 | −10.7% |
| Apr 24 | +10.1% | May 27 | −9.1% |
| Apr 21 | +9.1% | May 6 | −8.5% |
| May 18 | +6.5% | Nov 5 | −6.8% |
Volatility: 51.5% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $5.55 | +5.1% |
| Feb | $5.47 | −1.5% |
| Mar | $6.31 | +15.3% |
| Apr | $8.13 | +28.9% |
| May | $7.69 | −5.4% |
| Jun | $7.14 | −7.1% |
| Jul | $8.32 | +16.5% |
| Aug | $7.55 | −9.3% |
| Sep | $7.64 | +1.3% |
| Oct | $6.88 | −10.0% |
| Nov | $7.25 | +5.4% |
| Dec | $6.70 | −7.6% |
Other Markets in 1987
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | +26.9% | $6.70 |
| Dow Jones Industrial Average in 1987 | +2.3% | 1,938.83 |
| S&P 500 in 1987 | +2.0% | 247.08 |
| Nasdaq Composite in 1987 | −5.2% | 330.50 |
| Nikkei 225 in 1987 | +14.6% | 21,564.00 |
| Gold in 1987 | +24.5% | $484.10 |
| WTI crude oil in 1987 | −6.6% | $16.74 |
| US 10-year Treasury yield in 1987 | +1.60 pp | 8.83% |
Silver Price in 1987: FAQ
How much did the silver price rise in 1987?
The silver price rose 26.9% in 1987, from $5.28 at the end of 1986 to $6.70. Its highest close was $10.93 on Apr 27, and its lowest $5.36 on Jan 7. The biggest one-day fall was −22.7% on Apr 28 and the biggest rise +19.6% on Apr 27. Adjusted for inflation, it gained 21.5%.
What were the highest and lowest closes of the silver price in 1987?
Highest: $10.93 on April 27, 1987. Lowest: $5.36 on January 7, 1987. It closed higher on 136 of 252 trading days.
What happened to the silver price on October 19, 1987?
Black Monday: Dow falls 508 points (22.6%), its largest one-day percentage drop. The silver price rose 6.3% that day, and was −16.1% a month later.
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{corgano2026silverpricein1987, author = {{Corgano}}, title = {Silver Price in 1987}, howpublished = {\url{https://goldprice.corgano.com/market-history/silver/1987}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}