Highest so far that month
No earlier session that month closed above this level.
Loading…
This page is a historical record of the silver price in 12 May 2008, not the current price.See today's silver price (11 September 2026)
Highest closing price since 22 April 2008
Silver closed at $17.16 per troy ounce on 12 May 2008, up $0.315 (1.87%) from the previous close of $16.84.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 17.05% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.21, making this a +29.89% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $17.16 per troy ounce on 12 May 2008. That is $0.32 higher than the previous close of $16.84, a move of 1.87%.
The silver price rose on 12 May 2008, gaining $0.32 (1.87%) against the previous session's close of $16.84.
At $17.16 per troy ounce, one gram of pure silver was worth about $0.55 on 12 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.5 on 12 May 2008, meaning one ounce of gold was worth roughly 51.5 ounces of silver.
A week before 12 May 2008, silver was around $16.75 per troy ounce, so the close of $17.16 is a gain of 2.5% over the week.
A year before 12 May 2008, silver was around $13.21 per troy ounce. The close of $17.16 therefore represents a rise of 29.9% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 17.05% below the highest close on record up to that date, which was set on 2008-03-05.