Distance from the record
This close sat 14.31% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 14 October 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.036 per troy ounce on 14 October 2004, up $0.158 (2.30%) from the previous close of $6.878.
This was a 2.30% move in one session — well beyond a typical day for silver. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
This close sat 14.31% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $4.927, making this a +42.80% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.04 per troy ounce on 14 October 2004. That is $0.16 higher than the previous close of $6.88, a move of 2.30%.
The silver price rose on 14 October 2004, gaining $0.16 (2.30%) against the previous session's close of $6.88.
At $7.04 per troy ounce, one gram of pure silver was worth about $0.23 on 14 October 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 59.4 on 14 October 2004, meaning one ounce of gold was worth roughly 59.4 ounces of silver.
A week before 14 October 2004, silver was around $7.19 per troy ounce, so the close of $7.04 is a loss of 2.2% over the week.
A month before 14 October 2004, silver was around $6.20 per troy ounce, so the close of $7.04 is a gain of 13.5% over the month.
A year before 14 October 2004, silver was around $4.93 per troy ounce. The close of $7.04 therefore represents a rise of 42.8% over twelve months.
It closed 14.31% below the highest close on record up to that date, which was set on 2004-04-06.