Silver Price in 1997
In 1997, the LBMA silver price rose 20.9% — from $4.96 at the start of the year to $6.00 by year-end. It reached a high of $6.00 in December and a low of $4.38 in July, averaging $5.00 for the year.
1997 silver price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $4.96 | $6.00 (December) | $4.38 (July) | $6.00 | $5.00 |
| GBP | £3.09 | £3.62 (December) | £2.68 (July) | £3.62 | £3.05 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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