The evidence strongly supports the statement, with the understanding that the figure refers to an inflation-adjusted price, not a nominal price. Multiple relevant and authoritative sources corroborate the key facts. A financial news article from Yahoo Finance directly states that silver's all-time high was $91.564, a figure that is 'approximately $94'. This peak occurred in 1980 during the 'Silver Thursday' event, a fact supported by an informational page from precious metals dealer APMEX. Other sources, such as a blog from Bullion Shark and a post from MarketWatch, provide the crucial context that this record high is an inflation-adjusted figure. They explain the importance of distinguishing between nominal prices (the price at the time) and inflation-adjusted prices (what that price would be worth in today's dollars). The U.S. Bureau of Labor Statistics source, while not containing price data itself, is the primary authority for the inflation data used to make such calculations, lending credibility to the concept of an inflation-adjusted high. The irrelevant sources focus on future forecasts or administrative announcements and do not contradict the historical data presented. The consistency across multiple sources regarding the 1980 price spike and the specific figure provided by a credible financial news outlet make the statement highly likely to be true.