Silver Price in 1971
In 1971, the LBMA silver price fell 13.9% — from $1.59 at the start of the year to $1.37 by year-end. It reached a high of $1.69 in April and a low of $1.31 in October, averaging $1.52 for the year.
1971 silver price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $1.59 | $1.69 (April) | $1.31 (October) | $1.37 | $1.52 |
| GBP | £0.66 | £0.70 (April) | £0.52 (October) | £0.54 | £0.62 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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