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silver standard

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noun
  1. a monetary standard or system using silver of specified weight and fineness to define the basic unit of currency.
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Origin of silver standard

An Americanism dating back to 1825–35
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for silver standard

silver standard

noun
  1. a monetary system in which the legal unit of currency is defined with reference to silver of a specified fineness and weight and sometimes (esp formerly) freely redeemable for it
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Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012