Prices of Silver in 1968
The following chart and daily price data are for Silver Prices in 1968.
Further Silver Price history and more current silver price information can be found on our live Silver Price page.
Silver Prices 1968 Chart
(1968 US dollar price per troy ounce of Silver)
Silver Price 1968 History and Prior
In 1968 silver prices fluctuated as high as $2.65 oz to as low as $1.90 oz. Silver was on the cusp of becoming fully demonetized while also being traded by consumers, speculators, and coin collectors.
In the USA, silver certificates were legal tender notes authorized by the Silver Purchase Act of 1934, redeemable for physical silver held by the US Treasury. At a then market price above $1.29 oz, a profit was able to be made by redeeming these silver certificates for physical silver, receiving 0.77 ounce of silver from the Treasury, and then selling the silver. In addition, at a market price above $1.38 oz, a profit could also be made by melting then circulating 90% US silver coinage for its silver content.
The US government realized it could not continue to supply industrial consumers with silver, mint silver coinage, and also maintain warehouse holdings of physical silver for redemption of silver certificates. Thus the government began a program to demonetize silver in the early 1960s.
Public Law 88-36 passed in mid-1963, repealed the Silver Purchase Act of 1934 and authorized the printing of Federal Reserve Notes not redeemable in physical silver. The Coinage Act of 1965 eliminated the use of 90% silver dimes and silver quarters and reduced the silver content of silver half dollars to 40% from 90%.
In 1967, silver coins were withdrawn from US coin circulation. Holders of silver certificates were given one year’s time up to until June 24, 1968, to redeem their silver certificates for physical silver held by the US Treasury. After that date, silver certificates could only be exchanged for Federal Reserve Notes and not silver bullion.
1968 Silver Prices - Daily Silver Price Fix Data Below
London Bullion Market Association: LBMA Silver Price Auction, expected auction start London time locally around 12:00 PM noon.
Silver price fixes represent composite prices arrived at by various trading banks and brokerages in the over-the-counter silver bullion markets. Foreign exchange (forex) prices are the most widely quoted in the precious metals industry.
Worldwide forex silver markets trade continuously 24 hours a day from Sunday evening 6:00 PM (Eastern Time) to Friday 5:00 PM (Eastern Time).
Viewer acknowledges and is in agreement that SD Bullion does not guarantee the accuracy, timelines, or completeness of price data displayed here. Nor shall it be liable to any individual or any entity for any delays, inaccuracies, errors or omissions in this price data or any other damages arising in connection with viewer's receipt or use of this data. SD Bullion offers customers the ability to purchase physical precious metal bullion products for asset preservation and prudent allocation purposes, not for mere speculation. Using our online price data, market commentaries, and opinions for speculative purposes is not advised, we are not financial planners nor certified to give you any financial advice whatsoever. Information here is merely for educational purposes.
|
Date |
Silver price in US dollars per troy ounce |
|
January 2, 1968 |
$2.17 oz |
|
January 3, 1968 |
$2.23 oz |
|
January 4, 1968 |
$2.17 oz |
|
January 5, 1968 |
$2.16 oz |
|
January 8, 1968 |
$2.16 oz |
|
January 9, 1968 |
$2.11 oz |
|
January 10, 1968 |
$2.09 oz |
|
January 11, 1968 |
$2.09 oz |
|
January 12, 1968 |
$2.13 oz |
|
January 15, 1968 |
$2.11 oz |
|
January 16, 1968 |
$2.07 oz |
|
January 17, 1968 |
$2.07 oz |
|
January 18, 1968 |
$2.06 oz |
|
January 19, 1968 |
$2.08 oz |
|
January 22, 1968 |
$2.09 oz |
|
January 23, 1968 |
$2.08 oz |
|
January 24, 1968 |
$2.06 oz |
|
January 25, 1968 |
$2.02 oz |
|
January 26, 1968 |
$2.07 oz |
|
January 29, 1968 |
$2.04 oz |
|
January 30, 1968 |
$2.02 oz |
|
January 31, 1968 |
$1.96 oz |
|
February 1, 1968 |
$2.00 oz |
|
February 2, 1968 |
$2.02 oz |
|
February 5, 1968 |
$2.00 oz |
|
February 6, 1968 |
$1.95 oz |
|
February 7, 1968 |
$1.97 oz |
|
February 8, 1968 |
$1.98 oz |
|
February 9, 1968 |
$1.94 oz |
|
February 12, 1968 |
$1.93 oz |
|
February 13, 1968 |
$1.92 oz |
|
February 14, 1968 |
$1.92 oz |
|
February 15, 1968 |
$1.94 oz |
|
February 16, 1968 |
$2.00 oz |
|
February 19, 1968 |
$1.97 oz |
|
February 20, 1968 |
$1.98 oz |
|
February 21, 1968 |
$2.03 oz |
|
February 22, 1968 |
$2.03 oz |
|
February 23, 1968 |
$2.02 oz |
|
February 26, 1968 |
$2.07 oz |
|
February 27, 1968 |
$2.11 oz |
|
February 28, 1968 |
$2.11 oz |
|
February 29, 1968 |
$2.08 oz |
|
March 1, 1968 |
$2.20 oz |
|
March 4, 1968 |
$2.19 oz |
|
March 5, 1968 |
$2.19 oz |
|
March 6, 1968 |
$2.13 oz |
|
March 7, 1968 |
$2.19 oz |
|
March 8, 1968 |
$2.23 oz |
|
March 11, 1968 |
$2.20 oz |
|
March 12, 1968 |
$2.22 oz |
|
March 13, 1968 |
$2.37 oz |
|
March 14, 1968 |
$2.49 oz |
|
March 18, 1968 |
$2.12 oz |
|
March 19, 1968 |
$2.40 oz |
|
March 20, 1968 |
$2.24 oz |
|
March 21, 1968 |
$2.30 oz |
|
March 22, 1968 |
$2.22 oz |
|
March 25, 1968 |
$2.24 oz |
|
March 26, 1968 |
$2.24 oz |
|
March 27, 1968 |
$2.30 oz |
|
March 28, 1968 |
$2.25 oz |
|
March 29, 1968 |
$2.28 oz |
|
April 1, 1968 |
$2.26 oz |
|
April 2, 1968 |
$2.20 oz |
|
April 3, 1968 |
$2.20 oz |
|
April 4, 1968 |
$2.13 oz |
|
April 5, 1968 |
$2.10 oz |
|
April 8, 1968 |
$2.13 oz |
|
April 9, 1968 |
$2.21 oz |
|
April 10, 1968 |
$2.20 oz |
|
April 11, 1968 |
$2.16 oz |
|
April 16, 1968 |
$2.25 oz |
|
April 17, 1968 |
$2.30 oz |
|
April 18, 1968 |
$2.23 oz |
|
April 19, 1968 |
$2.28 oz |
|
April 22, 1968 |
$2.36 oz |
|
April 23, 1968 |
$2.36 oz |
|
April 24, 1968 |
$2.30 oz |
|
April 25, 1968 |
$2.31 oz |
|
April 26, 1968 |
$2.33 oz |
|
April 29, 1968 |
$2.40 oz |
|
April 30, 1968 |
$2.40 oz |
|
May 1, 1968 |
$2.36 oz |
|
May 2, 1968 |
$2.30 oz |
|
May 3, 1968 |
$2.32 oz |
|
May 6, 1968 |
$2.34 oz |
|
May 7, 1968 |
$2.25 oz |
|
May 8, 1968 |
$2.32 oz |
|
May 9, 1968 |
$2.32 oz |
|
May 10, 1968 |
$2.36 oz |
|
May 13, 1968 |
$2.36 oz |
|
May 14, 1968 |
$2.38 oz |
|
May 15, 1968 |
$2.40 oz |
|
May 16, 1968 |
$2.46 oz |
|
May 17, 1968 |
$2.51 oz |
|
May 20, 1968 |
$2.51 oz |
|
May 21, 1968 |
$2.55 oz |
|
May 22, 1968 |
$2.47 oz |
|
May 23, 1968 |
$2.48 oz |
|
May 24, 1968 |
$2.50 oz |
|
May 27, 1968 |
$2.52 oz |
|
May 28, 1968 |
$2.49 oz |
|
May 29, 1968 |
$2.42 oz |
|
May 30, 1968 |
$2.48 oz |
|
May 31, 1968 |
$2.48 oz |
|
June 4, 1968 |
$2.43 oz |
|
June 5, 1968 |
$2.42 oz |
|
June 6, 1968 |
$2.45 oz |
|
June 7, 1968 |
$2.48 oz |
|
June 10, 1968 |
$2.45 oz |
|
June 11, 1968 |
$2.51 oz |
|
June 12, 1968 |
$2.58 oz |
|
June 13, 1968 |
$2.52 oz |
|
June 14, 1968 |
$2.47 oz |
|
June 17, 1968 |
$2.43 oz |
|
June 18, 1968 |
$2.43 oz |
|
June 19, 1968 |
$2.53 oz |
|
June 20, 1968 |
$2.47 oz |
|
June 21, 1968 |
$2.45 oz |
|
June 24, 1968 |
$2.48 oz |
|
June 25, 1968 |
$2.51 oz |
|
June 26, 1968 |
$2.49 oz |
|
June 27, 1968 |
$2.49 oz |
|
June 28, 1968 |
$2.50 oz |
|
July 1, 1968 |
$2.51 oz |
|
July 2, 1968 |
$2.46 oz |
|
July 3, 1968 |
$2.49 oz |
|
July 4, 1968 |
$2.49 oz |
|
July 5, 1968 |
$2.47 oz |
|
July 8, 1968 |
$2.44 oz |
|
July 9, 1968 |
$2.32 oz |
|
July 10, 1968 |
$2.42 oz |
|
July 11, 1968 |
$2.37 oz |
|
July 12, 1968 |
$2.35 oz |
|
July 15, 1968 |
$2.39 oz |
|
July 16, 1968 |
$2.35 oz |
|
July 17, 1968 |
$2.30 oz |
|
July 18, 1968 |
$2.24 oz |
|
July 19, 1968 |
$2.33 oz |
|
July 22, 1968 |
$2.29 oz |
|
July 23, 1968 |
$2.29 oz |
|
July 24, 1968 |
$2.33 oz |
|
July 25, 1968 |
$2.28 oz |
|
July 26, 1968 |
$2.28 oz |
|
July 29, 1968 |
$2.28 oz |
|
July 30, 1968 |
$2.24 oz |
|
July 31, 1968 |
$2.29 oz |
|
August 1, 1968 |
$2.23 oz |
|
August 2, 1968 |
$2.25 oz |
|
August 5, 1968 |
$2.20 oz |
|
August 6, 1968 |
$2.19 oz |
|
August 7, 1968 |
$2.21 oz |
|
August 8, 1968 |
$2.17 oz |
|
August 9, 1968 |
$2.15 oz |
|
August 12, 1968 |
$2.13 oz |
|
August 13, 1968 |
$2.06 oz |
|
August 14, 1968 |
$2.19 oz |
|
August 15, 1968 |
$2.21 oz |
|
August 16, 1968 |
$2.20 oz |
|
August 19, 1968 |
$2.18 oz |
|
August 20, 1968 |
$2.24 oz |
|
August 21, 1968 |
$2.33 oz |
|
August 22, 1968 |
$2.24 oz |
|
August 23, 1968 |
$2.27 oz |
|
August 26, 1968 |
$2.24 oz |
|
August 27, 1968 |
$2.24 oz |
|
August 28, 1968 |
$2.22 oz |
|
August 29, 1968 |
$2.24 oz |
|
August 30, 1968 |
$2.24 oz |
|
September 3, 1968 |
$2.24 oz |
|
September 4, 1968 |
$2.26 oz |
|
September 5, 1968 |
$2.27 oz |
|
September 6, 1968 |
$2.26 oz |
|
September 9, 1968 |
$2.24 oz |
|
September 10, 1968 |
$2.17 oz |
|
September 11, 1968 |
$2.25 oz |
|
September 12, 1968 |
$2.20 oz |
|
September 13, 1968 |
$2.23 oz |
|
September 16, 1968 |
$2.21 oz |
|
September 17, 1968 |
$2.23 oz |
|
September 18, 1968 |
$2.25 oz |
|
September 19, 1968 |
$2.23 oz |
|
September 20, 1968 |
$2.24 oz |
|
September 23, 1968 |
$2.23 oz |
|
September 24, 1968 |
$2.22 oz |
|
September 25, 1968 |
$2.22 oz |
|
September 26, 1968 |
$2.19 oz |
|
September 27, 1968 |
$2.20 oz |
|
September 30, 1968 |
$2.17 oz |
|
October 1, 1968 |
$2.14 oz |
|
October 2, 1968 |
$2.09 oz |
|
October 3, 1968 |
$2.10 oz |
|
October 4, 1968 |
$2.09 oz |
|
October 7, 1968 |
$2.10 oz |
|
October 8, 1968 |
$2.09 oz |
|
October 9, 1968 |
$2.05 oz |
|
October 10, 1968 |
$2.01 oz |
|
October 11, 1968 |
$2.05 oz |
|
October 14, 1968 |
$2.03 oz |
|
October 15, 1968 |
$1.99 oz |
|
October 16, 1968 |
$1.92 oz |
|
October 17, 1968 |
$1.84 oz |
|
October 18, 1968 |
$1.87 oz |
|
October 21, 1968 |
$1.97 oz |
|
October 22, 1968 |
$1.88 oz |
|
October 23, 1968 |
$1.92 oz |
|
October 24, 1968 |
$1.90 oz |
|
October 25, 1968 |
$1.91 oz |
|
October 28, 1968 |
$1.91 oz |
|
October 29, 1968 |
$1.97 oz |
|
October 30, 1968 |
$1.96 oz |
|
October 31, 1968 |
$1.93 oz |
|
November 1, 1968 |
$1.90 oz |
|
November 4, 1968 |
$1.96 oz |
|
November 5, 1968 |
$1.98 oz |
|
November 6, 1968 |
$1.99 oz |
|
November 7, 1968 |
$1.96 oz |
|
November 8, 1968 |
$1.97 oz |
|
November 11, 1968 |
$2.00 oz |
|
November 12, 1968 |
$2.01 oz |
|
November 13, 1968 |
$2.06 oz |
|
November 14, 1968 |
$2.07 oz |
|
November 15, 1968 |
$2.09 oz |
|
November 18, 1968 |
$2.10 oz |
|
November 19, 1968 |
$2.09 oz |
|
November 20, 1968 |
|
|
November 21, 1968 |
|
|
November 22, 1968 |
|
|
November 25, 1968 |
$2.11 oz |
|
November 26, 1968 |
$1.99 oz |
|
November 27, 1968 |
$1.92 oz |
|
November 28, 1968 |
$1.98 oz |
|
November 29, 1968 |
$1.97 oz |
|
December 2, 1968 |
$1.94 oz |
|
December 3, 1968 |
$1.95 oz |
|
December 4, 1968 |
$1.99 oz |
|
December 5, 1968 |
$2.00 oz |
|
December 6, 1968 |
$2.04 oz |
|
December 9, 1968 |
$2.04 oz |
|
December 10, 1968 |
$1.98 oz |
|
December 11, 1968 |
$2.02 oz |
|
December 12, 1968 |
$1.98 oz |
|
December 13, 1968 |
$1.99 oz |
|
December 16, 1968 |
$1.96 oz |
|
December 17, 1968 |
$1.96 oz |
|
December 18, 1968 |
$2.00 oz |
|
December 19, 1968 |
$2.00 oz |
|
December 20, 1968 |
$1.97 oz |
|
December 23, 1968 |
$1.97 oz |
|
December 24, 1968 |
$1.96 oz |
|
December 27, 1968 |
$1.94 oz |
|
December 30, 1968 |
$1.97 oz |
|
December 31, 1968 |
$1.95 oz |
LBMA silver price fix history data is posted with permission. All rights are reserved.
1968 Cost of Living Context in then US dollar terms (USD)
1968 Car Prices (New)
BMW $2,597.00
Chevrolet, Impala, sport coupe $3,468.00
Toyota, Corona $1,930.00
Car Prices (Used)
1967, Ford Mustang, V8 $2,095.00
1965, Plymouth Sports Fury $1,595.00
1959, Ford Convertible $200.00
1968 Employment Annual Salary
Accountant $7,500.00/year
Clerk $4,100.00/year
Clerk typist $75.00-85.00/week
Draftsman, junior $7,200.00/year
Engineer trainee $7,000.00-7,500.00/year
Math clerk $97.00/week
Salesman $8,500.00/year
Secretary, legal $110.00/week
1968 Real estate - Houses for sale
Hanover Twp., 3 bedrooms $39,900.00
Morris Twp., 4 bedrooms, colonial $49,500.00
Morristown, two family $19,500.00
1968 Real Estate - Houses for rent
Boonton, 2 bedrooms, $230.00/month
Lake Hopatcong, cottage, summer rental, $140.00/week
Mendham Boro, 4 bedrooms, $275.00/month
1968 Apartments, Rooms for Rent
Dover, efficiency $135.00/month
Morristown, Heritage House, 1 bedroom $155.00/month
Parsippany, Park Lake Village, 1 bedroom $120.00/month