Silver Price in 1991
The silver price fell 7.9% in 1991, from $4.19 at the end of 1990 to $3.86. Its highest close was $4.57 on Jun 10, and its lowest $3.55 on Feb 25. The biggest one-day fall was −4.6% on Mar 12 and the biggest rise +5.9% on Jun 7. Adjusted for inflation, it lost 10.7%.
Silver Price, daily closes 1991
Numbers mark the events belowKey Events in 1991
What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.
- 1
Thursday, January 17US-led coalition begins Operation Desert Storm air campaign against Iraq. SourceSilver: −3.0% that day · −10.8% a month later
- 2
Monday, February 25 From the dataBear market low: $3.55, 54.6% below the peak.
- 3
Thursday, February 28Operation Desert Storm ends after the 100-hour ground campaign. SourceSilver: +1.8% that day · +6.1% a month later
- 4
Tuesday, March 12 From the dataBiggest one-day fall of the year: −4.6%.
- 5
Friday, June 7 From the dataBiggest one-day rise of the year: +5.9%.
- 6
Monday, August 19Hardliners launch a coup attempt against Soviet leader Mikhail Gorbachev; it collapses within days. SourceSilver: +2.2% that day · +2.9% a month later
- 7
Thursday, December 26The Soviet Union is formally dissolved. SourceSilver: +0.1% next trading day (Dec 27) · +6.9% a month later
Biggest days of 1991
| Best days | Worst days | ||
|---|---|---|---|
| Jun 7 | +5.9% | Mar 12 | −4.6% |
| Mar 11 | +4.2% | Apr 19 | −4.1% |
| Sep 9 | +3.4% | Feb 12 | −4.1% |
| Apr 3 | +3.3% | Jan 9 | −3.9% |
| Sep 24 | +3.0% | Aug 30 | −3.2% |
Volatility: 22.4% (annualised standard deviation of daily changes).
Month by month
| Month | Close | Change |
|---|---|---|
| Jan | $3.83 | −8.7% |
| Feb | $3.68 | −3.9% |
| Mar | $3.84 | +4.3% |
| Apr | $3.93 | +2.5% |
| May | $4.13 | +5.1% |
| Jun | $4.45 | +7.8% |
| Jul | $4.07 | −8.7% |
| Aug | $3.82 | −6.2% |
| Sep | $4.14 | +8.4% |
| Oct | $4.09 | −1.1% |
| Nov | $4.07 | −0.6% |
| Dec | $3.86 | −5.0% |
Other Markets in 1991
Change over the calendar year.
| Market | Change | Year-end |
|---|---|---|
| Silver Price | −7.9% | $3.86 |
| Dow Jones Industrial Average in 1991 | +20.3% | 3,168.83 |
| S&P 500 in 1991 | +26.3% | 417.09 |
| Nasdaq Composite in 1991 | +56.9% | 586.34 |
| Russell 2000 in 1991 | +43.7% | 189.94 |
| Nikkei 225 in 1991 | −3.6% | 22,984.00 |
| Gold in 1991 | −8.6% | $353.15 |
| WTI crude oil in 1991 | −32.8% | $19.15 |
| Brent crude oil in 1991 | −37.4% | $17.75 |
| US 10-year Treasury yield in 1991 | −1.37 pp | 6.71% |
Silver Price in 1991: FAQ
How much did the silver price fall in 1991?
The silver price fell 7.9% in 1991, from $4.19 at the end of 1990 to $3.86. Its highest close was $4.57 on Jun 10, and its lowest $3.55 on Feb 25. The biggest one-day fall was −4.6% on Mar 12 and the biggest rise +5.9% on Jun 7. Adjusted for inflation, it lost 10.7%.
What were the highest and lowest closes of the silver price in 1991?
Highest: $4.57 on June 10, 1991. Lowest: $3.55 on February 25, 1991. It closed higher on 122 of 253 trading days.
What happened to the silver price on January 17, 1991?
US-led coalition begins Operation Desert Storm air campaign against Iraq. The silver price fell 3.0% that day, and was −10.8% 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{corgano2026silverpricein1991, author = {{Corgano}}, title = {Silver Price in 1991}, howpublished = {\url{https://goldprice.corgano.com/market-history/silver/1991}}, year = {2026}, note = {Corgano Gold Price, accessed 2026-10-31}}