Distance from the record
This close sat 49.42% 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 September 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 29 June 2006
Silver closed at $10.46 per troy ounce on 16 September 2008, down $0.613 (5.53%) from the previous close of $11.07.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 5.53% 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 49.42% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $12.54, making this a -16.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $10.46 per troy ounce on 16 September 2008. That is $0.61 lower than the previous close of $11.07, a move of -5.53%.
The silver price fell on 16 September 2008, losing $0.61 (5.53%) against the previous session's close of $11.07.
At $10.46 per troy ounce, one gram of pure silver was worth about $0.34 on 16 September 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 74.2 on 16 September 2008, meaning one ounce of gold was worth roughly 74.2 ounces of silver.
A week before 16 September 2008, silver was around $11.64 per troy ounce, so the close of $10.46 is a loss of 10.1% over the week.
A month before 16 September 2008, silver was around $12.80 per troy ounce, so the close of $10.46 is a loss of 18.3% over the month.
A year before 16 September 2008, silver was around $12.54 per troy ounce. The close of $10.46 therefore represents a fall of 16.6% over twelve months.
It closed 49.42% below the highest close on record up to that date, which was set on 2008-03-05.