Home / Silver Price / History / 2008

Silver Price in 2008 | Historical Silver Prices

Annual summary, monthly averages, and key events that shaped silver prices in 2008

- 200720082009 -

Jan 1

$14.76

Opening Price

Dec 31

$11.14

Closing Price

Year High

$20.92

Annual High

Year Low

$8.40

Annual Low

Annual Avg

$14.99

Average Price

vs 2007

-24.6%

Annual Change

Monthly Silver Price Chart — 2008

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $8.80High: $19.50

Monthly Average Silver Prices — 2008

MonthAvg Price (USD/oz)vs Prev Month
Jan 2008$16.50+11.8%
Feb 2008$17.50+6.1%
Mar 2008$19.50+11.4%
Apr 2008$16.50-15.4%
May 2008$16.80+1.8%
Jun 2008$17.30+3.0%
Jul 2008$17.80+2.9%
Aug 2008$14.80-16.9%
Sep 2008$11.20-24.3%
Oct 2008$8.80-21.4%
Nov 2008$9.50+8.0%
Dec 2008$11.14+17.3%

What Happened to Silver in 2008?

Silver had a wild 2008 — spiking to nearly $21 in March as Bear Stearns collapsed, then crashing to $8.40 in October amid the Lehman Brothers bankruptcy and global liquidity crisis. Investors sold everything to raise cash. Silver recovered to end the year at $11.14, but the volatility exposed its dual nature as both a safe-haven and an industrial metal sensitive to economic conditions.

Browse All Years

2000-13.8%2001-1.1%2002+6%2003+24.6%2004+13.4%2005+30.5%2006+46.1%2007+14.4%2008-24.6%2009+55.8%2010+83.4%2011-8%2012+6.3%2013-34.9%2014-18.1%2015-13.5%2016+15.7%2017+0.1%2018-3.4%2019+15.4%2020+47.9%2021-11.6%2022+2.7%2023+2.8%2024+19%2025+6.4%2026+3.1%

Related Pages

Live Silver PriceAll Historical YearsGold Price HistoryGold/Silver Ratio