Price of silver in the early 15th century- surpassed $1200 per ounce!!!

In the early 15th century, the price of silver is estimated to have surpassed $1,200 per ounce, based on 2011 dollars. The discovery of massive silver deposits in the New World  the succeeding centuries has been stated as a cause for its price to have diminished greatly.

Source:

http://en.wikipedia.org/wiki/Silver