Distance from the record
This close sat 26.91% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 11 May 2011, not the current price.See today's silver price (11 September 2026)
Silver falls 7.7% in a single session
Silver closed at $35.51 per troy ounce on 11 May 2011, down $2.971 (7.72%) from the previous close of $38.48.
Notable session: moved more than 3% in a session.
Silver lost 7.72% 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 26.91% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $19.27, making this a +84.25% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $35.51 per troy ounce on 11 May 2011. That is $2.97 lower than the previous close of $38.48, a move of -7.72%.
The silver price fell on 11 May 2011, losing $2.97 (7.72%) against the previous session's close of $38.48.
At $35.51 per troy ounce, one gram of pure silver was worth about $1.14 on 11 May 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 42.3 on 11 May 2011, meaning one ounce of gold was worth roughly 42.3 ounces of silver.
A week before 11 May 2011, silver was around $39.38 per troy ounce, so the close of $35.51 is a loss of 9.8% over the week.
A month before 11 May 2011, silver was around $40.60 per troy ounce, so the close of $35.51 is a loss of 12.5% over the month.
A year before 11 May 2011, silver was around $19.27 per troy ounce. The close of $35.51 therefore represents a rise of 84.3% over twelve months.
It closed 26.91% below the highest close on record up to that date, which was set on 2011-04-29.