Silver Price in 1978
In 1978, the LBMA silver price rose 21.6% — from $4.95 at the start of the year to $6.02 by year-end. It reached a high of $6.26 in October and a low of $4.95 in January, averaging $5.50 for the year.
1978 silver price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $4.95 | $6.26 (October) | $4.95 (January) | $6.02 | $5.50 |
| GBP | £2.54 | £3.03 (November) | £2.54 (January) | £2.96 | £2.84 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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