Distance from the record
This close sat 54.17% below the highest silver close recorded up to that date, set on 2008-03-05.
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This page is a historical record of the silver price in 12 November 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 28 October 2008
Silver closed at $9.480 per troy ounce on 12 November 2008, down $0.325 (3.31%) from the previous close of $9.805.
Notable session: moved more than 3% in a session.
Silver lost 3.31% 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 54.17% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $14.72, making this a -35.59% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.48 per troy ounce on 12 November 2008. That is $0.33 lower than the previous close of $9.81, a move of -3.31%.
The silver price fell on 12 November 2008, losing $0.33 (3.31%) against the previous session's close of $9.81.
At $9.48 per troy ounce, one gram of pure silver was worth about $0.30 on 12 November 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.7 on 12 November 2008, meaning one ounce of gold was worth roughly 75.7 ounces of silver.
A week before 12 November 2008, silver was around $10.45 per troy ounce, so the close of $9.48 is a loss of 9.3% over the week.
A month before 12 November 2008, silver was around $10.55 per troy ounce, so the close of $9.48 is a loss of 10.1% over the month.
A year before 12 November 2008, silver was around $14.72 per troy ounce. The close of $9.48 therefore represents a fall of 35.6% over twelve months.
It closed 54.17% below the highest close on record up to that date, which was set on 2008-03-05.