Distance from the record
This close sat 49.02% below the highest silver close recorded up to that date, set on 2008-03-05.
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This page is a historical record of the silver price in 10 October 2008, not the current price.See today's silver price (11 September 2026)
Silver falls 10.8% in a single session
Silver closed at $10.55 per troy ounce on 10 October 2008, down $1.275 (10.79%) from the previous close of $11.82.
Notable session: moved more than 3% in a session.
Silver lost 10.79% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 49.02% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.56, making this a -22.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $10.55 per troy ounce on 10 October 2008. That is $1.27 lower than the previous close of $11.82, a move of -10.79%.
The silver price fell on 10 October 2008, losing $1.27 (10.79%) against the previous session's close of $11.82.
At $10.55 per troy ounce, one gram of pure silver was worth about $0.34 on 10 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 81.1 on 10 October 2008, meaning one ounce of gold was worth roughly 81.1 ounces of silver.
A week before 10 October 2008, silver was around $11.27 per troy ounce, so the close of $10.55 is a loss of 6.4% over the week.
A year before 10 October 2008, silver was around $13.56 per troy ounce. The close of $10.55 therefore represents a fall of 22.2% over twelve months.
It closed 49.02% below the highest close on record up to that date, which was set on 2008-03-05.