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Silver's highest closing price on record
Silver closed at $7.936 per troy ounce on 1 March 2004, up $1.690 (27.06%) from the previous close of $6.246.
Notable session: highest close of the year; one of the largest single-day moves on record; moved more than 3% in a session.
Twelve months earlier silver traded around $4.461, making this a +77.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.94 per troy ounce on 1 March 2004. That is $1.69 higher than the previous close of $6.25, a move of 27.06%.
The silver price rose on 1 March 2004, gaining $1.69 (27.06%) against the previous session's close of $6.25.
At $7.94 per troy ounce, one gram of pure silver was worth about $0.26 on 1 March 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.8 on 1 March 2004, meaning one ounce of gold was worth roughly 53.8 ounces of silver.
A week before 1 March 2004, silver was around $6.25 per troy ounce, so the close of $7.94 is a gain of 27.1% over the week.
A month before 1 March 2004, silver was around $6.25 per troy ounce, so the close of $7.94 is a gain of 27.1% over the month.
A year before 1 March 2004, silver was around $4.46 per troy ounce. The close of $7.94 therefore represents a rise of 77.9% over twelve months.