Distance from the record
This close sat 19.99% 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 14 May 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 2 May 2008
Silver closed at $16.55 per troy ounce on 14 May 2008, down $0.213 (1.27%) from the previous close of $16.76.
This close sat 19.99% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.14, making this a +25.93% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.55 per troy ounce on 14 May 2008. That is $0.21 lower than the previous close of $16.76, a move of -1.27%.
The silver price fell on 14 May 2008, losing $0.21 (1.27%) against the previous session's close of $16.76.
At $16.55 per troy ounce, one gram of pure silver was worth about $0.53 on 14 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 52.3 on 14 May 2008, meaning one ounce of gold was worth roughly 52.3 ounces of silver.
A month before 14 May 2008, silver was around $17.77 per troy ounce, so the close of $16.55 is a loss of 6.9% over the month.
A year before 14 May 2008, silver was around $13.14 per troy ounce. The close of $16.55 therefore represents a rise of 25.9% over twelve months.
It closed 19.99% below the highest close on record up to that date, which was set on 2008-03-05.