Distance from the record
This close sat 40.60% 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 2012, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 9 January 2012
Silver closed at $28.86 per troy ounce on 11 May 2012, down $0.278 (0.95%) from the previous close of $29.14.
This close extended a run of 5 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 40.60% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $35.51, making this a -18.73% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $28.86 per troy ounce on 11 May 2012. That is $0.28 lower than the previous close of $29.14, a move of -0.95%.
The silver price fell on 11 May 2012, losing $0.28 (0.95%) against the previous session's close of $29.14.
At $28.86 per troy ounce, one gram of pure silver was worth about $0.93 on 11 May 2012. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 54.9 on 11 May 2012, meaning one ounce of gold was worth roughly 54.9 ounces of silver.
A week before 11 May 2012, silver was around $30.38 per troy ounce, so the close of $28.86 is a loss of 5.0% over the week.
A month before 11 May 2012, silver was around $31.51 per troy ounce, so the close of $28.86 is a loss of 8.4% over the month.
A year before 11 May 2012, silver was around $35.51 per troy ounce. The close of $28.86 therefore represents a fall of 18.7% over twelve months.
This close was session 5 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 40.60% below the highest close on record up to that date, which was set on 2011-04-29.