Distance from the record
This close sat 50.62% 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 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 3 April 2023
Silver closed at $23.99 per troy ounce on 12 May 2023, down $0.263 (1.08%) from the previous close of $24.25.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 50.62% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $20.76, making this a +15.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.99 per troy ounce on 12 May 2023. That is $0.26 lower than the previous close of $24.25, a move of -1.08%.
The silver price fell on 12 May 2023, losing $0.26 (1.08%) against the previous session's close of $24.25.
At $23.99 per troy ounce, one gram of pure silver was worth about $0.77 on 12 May 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.0 on 12 May 2023, meaning one ounce of gold was worth roughly 84.0 ounces of silver.
A week before 12 May 2023, silver was around $25.74 per troy ounce, so the close of $23.99 is a loss of 6.8% over the week.
A month before 12 May 2023, silver was around $25.40 per troy ounce, so the close of $23.99 is a loss of 5.6% over the month.
A year before 12 May 2023, silver was around $20.76 per troy ounce. The close of $23.99 therefore represents a rise of 15.6% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 50.62% below the highest close on record up to that date, which was set on 2011-04-29.