Distance from the record
This close sat 52.60% 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 11 November 2008, not the current price.See today's silver price (11 September 2026)
Silver falls 4.1% in a single session
Silver closed at $9.805 per troy ounce on 11 November 2008, down $0.415 (4.06%) from the previous close of $10.22.
Notable session: moved more than 3% in a session.
Silver lost 4.06% 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 52.60% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $15.50, making this a -36.74% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.81 per troy ounce on 11 November 2008. That is $0.41 lower than the previous close of $10.22, a move of -4.06%.
The silver price fell on 11 November 2008, losing $0.41 (4.06%) against the previous session's close of $10.22.
At $9.81 per troy ounce, one gram of pure silver was worth about $0.32 on 11 November 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 74.7 on 11 November 2008, meaning one ounce of gold was worth roughly 74.7 ounces of silver.
A week before 11 November 2008, silver was around $10.13 per troy ounce, so the close of $9.81 is a loss of 3.2% over the week.
A month before 11 November 2008, silver was around $10.55 per troy ounce, so the close of $9.81 is a loss of 7.0% over the month.
A year before 11 November 2008, silver was around $15.50 per troy ounce. The close of $9.81 therefore represents a fall of 36.7% over twelve months.
It closed 52.60% below the highest close on record up to that date, which was set on 2008-03-05.