Distance from the record
This close sat 46.39% 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 18 December 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $11.09 per troy ounce on 18 December 2008, down $0.300 (2.63%) from the previous close of $11.39.
Silver lost 2.63% 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 46.39% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $14.01, making this a -20.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $11.09 per troy ounce on 18 December 2008. That is $0.30 lower than the previous close of $11.39, a move of -2.63%.
The silver price fell on 18 December 2008, losing $0.30 (2.63%) against the previous session's close of $11.39.
At $11.09 per troy ounce, one gram of pure silver was worth about $0.36 on 18 December 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 77.5 on 18 December 2008, meaning one ounce of gold was worth roughly 77.5 ounces of silver.
A week before 18 December 2008, silver was around $10.39 per troy ounce, so the close of $11.09 is a gain of 6.7% over the week.
A month before 18 December 2008, silver was around $9.55 per troy ounce, so the close of $11.09 is a gain of 16.1% over the month.
A year before 18 December 2008, silver was around $14.01 per troy ounce. The close of $11.09 therefore represents a fall of 20.9% over twelve months.
It closed 46.39% below the highest close on record up to that date, which was set on 2008-03-05.