Distance from the record
This close sat 50.97% 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 October 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 1 October 2008
Silver closed at $10.14 per troy ounce on 15 October 2008, down $0.876 (7.95%) from the previous close of $11.02.
Notable session: moved more than 3% in a session.
Silver lost 7.95% 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 50.97% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.76, making this a -26.28% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $10.14 per troy ounce on 15 October 2008. That is $0.88 lower than the previous close of $11.02, a move of -7.95%.
The silver price fell on 15 October 2008, losing $0.88 (7.95%) against the previous session's close of $11.02.
At $10.14 per troy ounce, one gram of pure silver was worth about $0.33 on 15 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 82.4 on 15 October 2008, meaning one ounce of gold was worth roughly 82.4 ounces of silver.
A week before 15 October 2008, silver was around $11.72 per troy ounce, so the close of $10.14 is a loss of 13.4% over the week.
A month before 15 October 2008, silver was around $11.07 per troy ounce, so the close of $10.14 is a loss of 8.4% over the month.
A year before 15 October 2008, silver was around $13.76 per troy ounce. The close of $10.14 therefore represents a fall of 26.3% over twelve months.
It closed 50.97% below the highest close on record up to that date, which was set on 2008-03-05.