Distance from the record
This close sat 28.39% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 12 May 2011, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 17 March 2011
Silver closed at $34.79 per troy ounce on 12 May 2011, down $0.716 (2.02%) from the previous close of $35.51.
Silver lost 2.02% 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 28.39% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $19.64, making this a +77.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $34.79 per troy ounce on 12 May 2011. That is $0.72 lower than the previous close of $35.51, a move of -2.02%.
The silver price fell on 12 May 2011, losing $0.72 (2.02%) against the previous session's close of $35.51.
At $34.79 per troy ounce, one gram of pure silver was worth about $1.12 on 12 May 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 43.3 on 12 May 2011, meaning one ounce of gold was worth roughly 43.3 ounces of silver.
A week before 12 May 2011, silver was around $36.23 per troy ounce, so the close of $34.79 is a loss of 4.0% over the week.
A month before 12 May 2011, silver was around $40.06 per troy ounce, so the close of $34.79 is a loss of 13.1% over the month.
A year before 12 May 2011, silver was around $19.64 per troy ounce. The close of $34.79 therefore represents a rise of 77.2% over twelve months.
It closed 28.39% below the highest close on record up to that date, which was set on 2011-04-29.