Distance from the record
This close sat 38.11% 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 15 August 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 18 September 2007
Silver closed at $12.80 per troy ounce on 15 August 2008, down $1.413 (9.94%) from the previous close of $14.21.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 9.94% 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 38.11% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $12.52, making this a +2.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $12.80 per troy ounce on 15 August 2008. That is $1.41 lower than the previous close of $14.21, a move of -9.94%.
The silver price fell on 15 August 2008, losing $1.41 (9.94%) against the previous session's close of $14.21.
At $12.80 per troy ounce, one gram of pure silver was worth about $0.41 on 15 August 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 61.4 on 15 August 2008, meaning one ounce of gold was worth roughly 61.4 ounces of silver.
A week before 15 August 2008, silver was around $15.30 per troy ounce, so the close of $12.80 is a loss of 16.3% over the week.
A month before 15 August 2008, silver was around $18.94 per troy ounce, so the close of $12.80 is a loss of 32.4% over the month.
It closed 38.11% below the highest close on record up to that date, which was set on 2008-03-05.