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Highest Historical Silver Bullion Price
The all-time high price in dollars for silver was hit on 18th January 1980 at $49.45 (£21.65) per troy ounce fuelled by Nelson Bunker Hunt's cornering of the market.
The prices quoted are London Silver Fixing prices, the intraday prices reached on that day were about $50.50 per ounce.

DatePrice $Price £Price €
18th Jan 1980$49.45£21.65€N/A
6th Dec 2010$29.60£18.88960€22.28920
7th Dec 2010$30.50£19.3160€22.81230
29th Dec 2010$30.44£19.7727€23.19240
30th Dec 2010$30.70£19.8834€23.16980
21st Feb 2011$33.43£20.6167€24.4461
28th Feb 2011$33.49£20.6219€24.2067
2nd March 2011$34.75£21.2929€25.1265
7th March 2011$36.60£22.4265€26.0777
8th March 2011$36.37£22.4853€26.1185
24th March 2011$37.78£23.3354€26.7091
25th March 2011$37.68£23.4037€26.6190
31st March 2011$37.87£23.5290€26.6596
4th April 2011$38.46£23.8290€27.0559
6th April 2011$39.63£24.2980€27.7036
8th April 2011$40.22£24.5994€27.9015
11th April 2011$41.37£25.2997€28.6139
15th April 2011$42.61£26.0564€29.4736
18th April 2011$42.79£26.3080€29.9440
19th April 2011$43.22£26.5235€30.2767
20th April 2011$44.79£27.3610€30.8429
21st April 2011$46.26£27.9432€31.6524
28th April 2011$48.70£29.2580€32.8832

Still acurate as of May 2014

December 2010 - Near Highs in Sterling
We created this page on 6th December 2010 as silver hit new 30 year highs. In U.S. dollar terms, silver is still only 60% of its all time record high, but in pounds sterling, it is now 87% of its all time high.
The very next day, silver fixed at a new recent peak in all three currencies, dollars, sterling and euros.
The previous occasion that silver fixed above $30 was the 10th March 1980. It fixed above £20 on 5th November 1980, and was still over £19 on the 24th November 1980.

March 2011 - New Highs in Sterling
On 7th March 2011 silver hit new all - time highs. In U.S. dollar terms, silver is still only about 70% of its all time record high, but in pounds sterling, it is a new all time high.
The very next day, silver fixed at a new peak in two of the three major three currencies, sterling and euros.

April 28th 2011 - New Highs in Sterling & Euros
On 28th April 2011 silver hit new highs in sterling and euros. In sterling silver peaked at 35% more than it's peak in 1980. In U.S. dollar terms is reached 98% of it's all time record high.

The Bunker Hunt Bubble
The Bunker Hunt's were a wealthy family from oil and other resources, and it is believed that Bunker Hunt started to invest in silver as early as 1970, when it was only slightly above $1.50 per ounce, doing so partly because US citizens were not permitted to own gold directly, and silver was the next best thing. He seems to have maintained and increased his silver investment throughout the 1970's, and by late 1979, he is believed to have owned about 100 million ounces, and to be sitting on a profit between $2 and $4 billion.
We respect his foresight, and his reading of the market. We also, along with others, believe he was "cheated" out of his profits by the commodity exchanges, and the many other dealers who influenced or controlled the markets. Many other market makers were seriously embarrassed and squeezed by the Hunts taking physical delivery of most of their metal, so they changed the rules. The Hunts unfairly lost fortunes as a result.

Silver Thursday 27th March 1980
The silver bullion price dropped sharply on this day, as it had done previously, and was to do again, but on Silver Thursday the commodity and futures markets went into panic mode. We show the London Silver Fixing prices for Silver Thursday, and the two surrounding days:
DatePrice $Price £Price €
26th Mar 1980$19.65000£8.9360€N/A
27th Mar 1980$16.00000£7.33950€N/A
28th Mar 1980$13.99000£6.44700€N/A

Recent Low Silver Price
After the all-time high of 1980, silver bullion prices declined somewhat erratically, to the lowest point reached on 25th February 1991, when it fixed at $3.5475 U.S per troy ounce, equivalent to 1.8325 sterling. Intraday prices on that day would almost certainly have included a few slightly lower figures.
DatePrice $Price £Price €
25th Feb 1991$3.54750£1.83250€N/A

Gold Silver Price Ratio
When the first coins were made over 2,500 years ago in ancient Greece, the ratio of gold to silver was generally between 10:1 and 13.5:1, depending on the relative proximity of gold or silver mines. In the 1930's and 1940's the ration reached 90:1 or higher, and in 1991 it peaked at about 98:1, although we have seen one source which claims over 100:1 peak. Other sources state that the gold silver ratio is no longer relevant in today's markets. We believe it is a worthwhile measure, but would stress that it is difficult if not impossible to state what the ratio "should" be.

Historic Minimum Maximum & Mean Gold Silver Ratios 1970 - 2007
Summary of annualised monthly statistics.

2006 Gold Silver Price Ratio Table

2007 Gold Silver Price Ratio Table

2008 Gold Silver Price Ratio Table

Silver Index

British One Ounce Silver Britannia

British One Ounce Silver Britannia

One Kilo Silver Bar

One Kilo Silver Bar

 


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