The year 1986 was a significant year for the silver industry, marked by the launch of the American Silver Eagle bullion coin, which has since become highly collectible.
This year also saw frequent fluctuations in silver prices, with the lowest price of $4.85 per ounce occurring on May 20 and the highest price of $6.31 per ounce occurring on January 16.
The silver market in 1986 was influenced by several factors, including the LBMA silver price auction and forex silver markets.
To understand the trends and patterns in silver prices during this year, it is essential to examine key facts and figures related to the 1986 silver market.
In this article, we present an overview of the silver market in 1986, including daily price data and the history of the LBMA price fix.
We aim to provide readers with an objective, data-driven, and analytical perspective of the silver market in 1986.
By examining the key trends and patterns in silver prices during this year, we hope to shed light on the factors that influenced the market and provide insights into the current state of the silver industry.
Whether you are a seasoned investor, a precious metals enthusiast, or simply interested in the history of the silver market, this article will provide you with valuable information on the silver prices in 1986.
1986 Silver Market Overview
The silver market overview provides a comprehensive analysis of the historical and current trends in silver prices, which are largely influenced by the supply and demand dynamics in the market.
The demand for silver comes from various industries, including electronics, jewelry, and silverware, while the supply comes from mining and recycling activities.
The production of silver is concentrated in a few countries, such as Mexico, Peru, and China, which makes the market vulnerable to any supply disruptions caused by geopolitical tensions or natural disasters.
Political events, such as changes in government policies and trade agreements, can also have a significant impact on silver prices, as they can affect the demand and supply for the metal.
The silver prices in 1986 were also subject to these market forces, with daily fluctuations ranging from $4.85 to $6.31 per ounce.
The prices were influenced by various factors, including the strength of the US dollar, the supply and demand dynamics in the market, and the impact of geopolitical events such as the Iran-Contra affair and the Chernobyl disaster.
The LBMA silver price fix, which represents a composite price arrived at by various trading banks and brokerages in the over-the-counter silver bullion markets, was also influenced by these factors.
Understanding the historical trends and market forces that affect silver prices is crucial for investors and traders looking to make informed decisions about their investments in the metal.
Daily Price Data
Daily price data for silver in 1986 is available, with prices ranging from $4.97 to $6.03 per ounce from July to December. These prices fluctuated frequently, with the lowest price recorded on May 20, 1986, at $4.85 per ounce, and the highest price on January 16, 1986, at $6.31 per ounce.
LBMA silver price fix history data is also available, with prices on:
- July 9, 1986, at $5.11 per ounce
- September 10, 1986, at $5.78 per ounce
- November 14, 1986, at $5.84 per ounce
- December 1, 1986, at $5.50 per ounce
- December 31, 1986, at $5.28 per ounce.
Price trends for silver in 1986 were influenced by various factors, including supply and demand, geopolitical events, inflation, and currency fluctuations. The fluctuation of these prices is a reminder that the silver market can be volatile and unpredictable. Investors and traders should be aware of these factors and take them into account when analyzing price movements and making investment decisions.
LBMA Price Fix History
LBMA price fix history data provides valuable information regarding the composite prices of over-the-counter silver bullion markets, as determined by various trading banks and brokerages.
The LBMA price fix methodology involves a daily auction process that takes place around 12:00 PM noon London time. The auction process involves a group of participating banks that submit their buy and sell orders for silver bullion, which are then matched to determine the prevailing market price.
The LBMA silver price fix is widely used as a benchmark for pricing silver products and contracts in the global market.
The LBMA silver price fix is influenced by a range of factors, including supply and demand dynamics, geopolitical events, and economic indicators.
For example, global events such as wars, political instability, and economic crises can have a significant impact on LBMA silver prices. In addition, changes in interest rates, inflation, and currency exchange rates can also affect the LBMA silver price fix.
Therefore, understanding the complex factors that influence LBMA silver prices is crucial for investors and traders who seek to make informed decisions about buying and selling silver products.
Frequently Asked Questions
What factors contributed to the fluctuation of silver prices in 1986?
The fluctuation of silver prices in 1986 can be attributed to market factors such as supply and demand, global trends in currency exchange rates, and geopolitical events that affected investor sentiment. Prices ranged from $4.85 oz to $6.31 oz in the first half of the year and from $4.97 to $6.03 per ounce in the second half.
How did the prices of other precious metals compare to silver prices in 1986?
Comparative analysis of market trends in 1986 shows that silver prices were generally lower than those of other precious metals. Gold prices fluctuated between $375 and $450 per ounce while platinum prices ranged from $450 to $600 per ounce, both higher than silver prices.
Were there any significant events or news events that impacted silver prices in 1986?
The silver market in 1986 was impacted by several significant events, including the Chernobyl disaster and the Iran-Contra scandal. Additionally, global politics, such as the ongoing Cold War tensions, also influenced silver prices during this time.
What was the average price of silver in 1986?
The average price of silver in 1986 was $5.17 per ounce. Factors affecting silver prices in 1986 included supply vs demand and geopolitical events. Analyzing the impact of inflation on the average price of silver in 1986 reveals a modest increase from the previous year.
How did the demand for silver in industrial and commercial applications affect silver prices in 1986?
The demand-supply dynamics and market competition were major factors influencing silver prices in 1986. The increased demand for silver in industrial and commercial applications led to higher prices, while market competition from other precious metals affected its overall value.
