Silver Price in 1998
In 1998, the LBMA silver price fell 17.2% — from $6.05 at the start of the year to $5.01 by year-end. It reached a high of $6.37 in February and a low of $4.79 in August, averaging $5.50 for the year.
1998 silver price summary
| Currency | Open (Jan) | High | Low | Close (Dec) | Average |
|---|---|---|---|---|---|
| USD | $6.05 | $6.37 (February) | $4.79 (August) | $5.01 | $5.50 |
| GBP | £3.69 | £3.87 (February) | £2.90 (August) | £3.01 | £3.31 |
Prices are the LBMA London fix per troy ounce, monthly close. EUR begins 1999.
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