Distance from the record
This close sat 13.77% 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 May 2005, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.080 per troy ounce on 11 May 2005, down $0.020 (0.28%) from the previous close of $7.100.
This close sat 13.77% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $5.514, making this a +28.40% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.08 per troy ounce on 11 May 2005. That is $0.02 lower than the previous close of $7.10, a move of -0.28%.
The silver price fell on 11 May 2005, losing $0.02 (0.28%) against the previous session's close of $7.10.
At $7.08 per troy ounce, one gram of pure silver was worth about $0.23 on 11 May 2005. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 60.3 on 11 May 2005, meaning one ounce of gold was worth roughly 60.3 ounces of silver.
A year before 11 May 2005, silver was around $5.51 per troy ounce. The close of $7.08 therefore represents a rise of 28.4% over twelve months.
It closed 13.77% below the highest close on record up to that date, which was set on 2004-04-06.