Distance from the record
This close sat 32.33% 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 12 May 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $5.556 per troy ounce on 12 May 2004, up $0.042 (0.76%) from the previous close of $5.514.
This close sat 32.33% below the highest silver close recorded up to that date, set on 2004-04-06.
One of the ten lowest silver closes of that year, ranking 245 of 246 sessions.
Twelve months earlier silver traded around $4.861, making this a +14.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $5.56 per troy ounce on 12 May 2004. That is $0.04 higher than the previous close of $5.51, a move of 0.76%.
The silver price rose on 12 May 2004, gaining $0.04 (0.76%) against the previous session's close of $5.51.
At $5.56 per troy ounce, one gram of pure silver was worth about $0.18 on 12 May 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 67.9 on 12 May 2004, meaning one ounce of gold was worth roughly 67.9 ounces of silver.
A week before 12 May 2004, silver was around $6.10 per troy ounce, so the close of $5.56 is a loss of 9.0% over the week.
A month before 12 May 2004, silver was around $8.02 per troy ounce, so the close of $5.56 is a loss of 30.8% over the month.
A year before 12 May 2004, silver was around $4.86 per troy ounce. The close of $5.56 therefore represents a rise of 14.3% over twelve months.
It closed 32.33% below the highest close on record up to that date, which was set on 2004-04-06.