Distance from the record
This close sat 15.38% 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 2005, not the current price.See today's silver price (11 September 2026)
Silver closed at $6.948 per troy ounce on 12 May 2005, down $0.132 (1.86%) from the previous close of $7.080.
This close sat 15.38% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $5.556, making this a +25.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $6.95 per troy ounce on 12 May 2005. That is $0.13 lower than the previous close of $7.08, a move of -1.86%.
The silver price fell on 12 May 2005, losing $0.13 (1.86%) against the previous session's close of $7.08.
At $6.95 per troy ounce, one gram of pure silver was worth about $0.22 on 12 May 2005. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 60.7 on 12 May 2005, meaning one ounce of gold was worth roughly 60.7 ounces of silver.
A year before 12 May 2005, silver was around $5.56 per troy ounce. The close of $6.95 therefore represents a rise of 25.1% over twelve months.
It closed 15.38% below the highest close on record up to that date, which was set on 2004-04-06.