Distance from the record
This close sat 19.62% 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 May 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $16.63 per troy ounce on 15 May 2008, up $0.077 (0.47%) from the previous close of $16.55.
This close sat 19.62% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.23, making this a +25.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.63 per troy ounce on 15 May 2008. That is $0.08 higher than the previous close of $16.55, a move of 0.47%.
The silver price rose on 15 May 2008, gaining $0.08 (0.47%) against the previous session's close of $16.55.
At $16.63 per troy ounce, one gram of pure silver was worth about $0.53 on 15 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 52.9 on 15 May 2008, meaning one ounce of gold was worth roughly 52.9 ounces of silver.
A month before 15 May 2008, silver was around $17.83 per troy ounce, so the close of $16.63 is a loss of 6.7% over the month.
A year before 15 May 2008, silver was around $13.23 per troy ounce. The close of $16.63 therefore represents a rise of 25.7% over twelve months.
It closed 19.62% below the highest close on record up to that date, which was set on 2008-03-05.