Distance from the record
This close sat 61.14% 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 October 2022, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 29 September 2022
Silver closed at $18.88 per troy ounce on 12 October 2022, down $0.549 (2.83%) from the previous close of $19.43.
Silver lost 2.83% 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 61.14% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $22.49, making this a -16.06% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.88 per troy ounce on 12 October 2022. That is $0.55 lower than the previous close of $19.43, a move of -2.83%.
The silver price fell on 12 October 2022, losing $0.55 (2.83%) against the previous session's close of $19.43.
At $18.88 per troy ounce, one gram of pure silver was worth about $0.61 on 12 October 2022. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 88.5 on 12 October 2022, meaning one ounce of gold was worth roughly 88.5 ounces of silver.
A week before 12 October 2022, silver was around $20.48 per troy ounce, so the close of $18.88 is a loss of 7.8% over the week.
A year before 12 October 2022, silver was around $22.49 per troy ounce. The close of $18.88 therefore represents a fall of 16.1% over twelve months.
This close was session 4 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 61.14% below the highest close on record up to that date, which was set on 2011-04-29.