Distance from the record
This close sat 1.81% below the highest silver close recorded up to that date, set on 2004-03-11.
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This page is a historical record of the silver price in 12 March 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.051 per troy ounce on 12 March 2004, down $0.130 (1.81%) from the previous close of $7.181.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 1.81% below the highest silver close recorded up to that date, set on 2004-03-11.
Twelve months earlier silver traded around $4.623, making this a +52.52% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.05 per troy ounce on 12 March 2004. That is $0.13 lower than the previous close of $7.18, a move of -1.81%.
The silver price fell on 12 March 2004, losing $0.13 (1.81%) against the previous session's close of $7.18.
At $7.05 per troy ounce, one gram of pure silver was worth about $0.23 on 12 March 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 56.1 on 12 March 2004, meaning one ounce of gold was worth roughly 56.1 ounces of silver.
A month before 12 March 2004, silver was around $6.62 per troy ounce, so the close of $7.05 is a gain of 6.6% over the month.
A year before 12 March 2004, silver was around $4.62 per troy ounce. The close of $7.05 therefore represents a rise of 52.5% over twelve months.
It closed 1.81% below the highest close on record up to that date, which was set on 2004-03-11.