Inflation adjusted silver prices are more difficult to calculate due to silver’s volatility. However, knowing the true inflation adjusted gold price ($3604.22) and estimating the gold/silver ratio allows a reasonable estimate. The gold/silver ratio fluctuates wildly from a high of 137 to a low of 15.
Depending on the gold/silver ratio used gives a broad array of inflation adjusted silver prices. The tables below shows the currency/gold ratio and the corresponding silver price using a gold/silver ratio of 40, 25 and 15. The gold/silver ratios of 40, 25, and 15 were chosen because when the gold price equaled the currency/gold ratio in 1983 the gold/silver ratio was 38. In 1979, when the gold price equaled the currency/gold ratio, the gold/silver ratio was 23. Finally, in 1980, when the gold price was 214% higher than the gold/currency ratio the gold/silver ratio was 15.
The reader can choose which ratio to use.
| Year | Currency/Gold Ratio | Gold/Silver Ratio | Gold/Silver Ratio | Gold/Silver Ratio |
| 40 | 25 | 15 | ||
| 2011 | $3,604 | $90.10 | $144.16 | $240.27 |
| 2012 | $4,212 | $105.30 | $168.48 | $280.80 |
| 2013 | $4,633 | $115.83 | $185.32 | $308.87 |
| 2014 | $5,096 | $127.40 | $203.84 | $339.73 |
| 2015 | $5,606 | $140.15 | $224.24 | $373.73 |
| 2016 | $6,167 | $154.18 | $246.68 | $411.13 |
| 2017 | $6,783 | $169.58 | $271.32 | $452.20 |
| 2018 | $7,462 | $186.55 | $298.48 | $497.47 |
| 2019 | $8,208 | $205.20 | $328.32 | $547.20 |
| 2020 | $9,029 | $225.73 | $361.16 | $601.93 |
Using the inflation adjusted gold price of $3,604.22 yields and inflation adjusted silver price of between $90 and $240, conservatively $145, depending on which gold/silver ratio is used. Again, since the Federal Reserve Bank’s increases the currency supply on average 11.5% each year. The inflation adjusted silver price will change every year.
The chart illustrates the increase in the currency/gold ratio each year to account for a conservative 10% increase in currency. This yields an inflation adjusted silver price of between $90 and $600 depending on how fast silver prices increase.
If the gold price were to repeat its inflation adjusted manic price of $850, then the inflation adjusted silver prices would change. The table below shows the inflation adjusted mani gold price of 1980 and the corresponding silver price using a gold/silver ratio of 40, 25, and 15. Again the reader can choose which ratio to use.
| Year | Manic Gold Price | Gold/Silver ratio | Gold/Silver Ratio | Gold/Silver Ratio |
| 40 | 25 | 15 | ||
| 2011 | $8,194 | $204.85 | $327.76 | $543.27 |
| 2012 | $9,013 | $225.33 | $360.52 | $600.87 |
| 2013 | $9,915 | $247.88 | $396.60 | $661.00 |
| 2014 | $10,906 | $272.65 | $436.24 | $727.07 |
| 2015 | $11,997 | $299.93 | $479.88 | $799.80 |
| 2016 | $13,197 | $329.93 | $527.88 | $879.80 |
| 2017 | $14,516 | $362.90 | $580.64 | $967.73 |
| 2018 | $15,968 | $399.20 | $638.72 | $1,064.53 |
| 2019 | $17,565 | $439.13 | $702.60 | $1,171.00 |
| 2020 | $19,321 | $483.03 | $772.84 | $1,288.07 |
In conclusion, the inflation adjusted silver price today is conservatively $145, and the inflation adjusted 1980s high of $50 is $543. Again, these prices will change each year to account for currency inflation. The actual inflation adjusted prices will depend on how fast the silver price increases and could very well reach $400 and $800 on an inflation adjusted basis.
