Distance from the record
This close sat 9.43% 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 16 July 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $18.74 per troy ounce on 16 July 2008, down $0.206 (1.09%) from the previous close of $18.94.
This close sat 9.43% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $12.97, making this a +44.47% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.74 per troy ounce on 16 July 2008. That is $0.21 lower than the previous close of $18.94, a move of -1.09%.
The silver price fell on 16 July 2008, losing $0.21 (1.09%) against the previous session's close of $18.94.
At $18.74 per troy ounce, one gram of pure silver was worth about $0.60 on 16 July 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.3 on 16 July 2008, meaning one ounce of gold was worth roughly 51.3 ounces of silver.
A week before 16 July 2008, silver was around $18.10 per troy ounce, so the close of $18.74 is a gain of 3.5% over the week.
A month before 16 July 2008, silver was around $17.21 per troy ounce, so the close of $18.74 is a gain of 8.8% over the month.
A year before 16 July 2008, silver was around $12.97 per troy ounce. The close of $18.74 therefore represents a rise of 44.5% over twelve months.
It closed 9.43% below the highest close on record up to that date, which was set on 2008-03-05.