Distance from the record
This close sat 54.99% 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 17 October 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 15 February 2006
Silver closed at $9.310 per troy ounce on 17 October 2008, down $0.297 (3.09%) from the previous close of $9.607.
Notable session: moved more than 3% in a session.
Silver lost 3.09% 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 54.99% below the highest silver close recorded up to that date, set on 2008-03-05.
One of the ten lowest silver closes of that year, ranking 247 of 252 sessions.
Twelve months earlier silver traded around $13.66, making this a -31.82% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.31 per troy ounce on 17 October 2008. That is $0.30 lower than the previous close of $9.61, a move of -3.09%.
The silver price fell on 17 October 2008, losing $0.30 (3.09%) against the previous session's close of $9.61.
At $9.31 per troy ounce, one gram of pure silver was worth about $0.30 on 17 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.3 on 17 October 2008, meaning one ounce of gold was worth roughly 84.3 ounces of silver.
A week before 17 October 2008, silver was around $10.55 per troy ounce, so the close of $9.31 is a loss of 11.7% over the week.
A month before 17 October 2008, silver was around $11.62 per troy ounce, so the close of $9.31 is a loss of 19.9% over the month.
A year before 17 October 2008, silver was around $13.66 per troy ounce. The close of $9.31 therefore represents a fall of 31.8% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 54.99% below the highest close on record up to that date, which was set on 2008-03-05.