Distance from the record
This close sat 20.61% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 11 August 2004, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 29 July 2004
Silver closed at $6.519 per troy ounce on 11 August 2004, down $0.195 (2.90%) from the previous close of $6.714.
Notable session: lowest close of the month.
Silver lost 2.90% 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 20.61% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $4.996, making this a +30.48% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $6.52 per troy ounce on 11 August 2004. That is $0.20 lower than the previous close of $6.71, a move of -2.90%.
The silver price fell on 11 August 2004, losing $0.20 (2.90%) against the previous session's close of $6.71.
At $6.52 per troy ounce, one gram of pure silver was worth about $0.21 on 11 August 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 60.7 on 11 August 2004, meaning one ounce of gold was worth roughly 60.7 ounces of silver.
A week before 11 August 2004, silver was around $6.73 per troy ounce, so the close of $6.52 is a loss of 3.1% over the week.
A year before 11 August 2004, silver was around $5.00 per troy ounce. The close of $6.52 therefore represents a rise of 30.5% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 20.61% below the highest close on record up to that date, which was set on 2004-04-06.