Distance from the record
This close sat 17.50% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 2 August 2011, not the current price.See today's silver price (11 September 2026)
Silver falls 3.9% in a single session
Silver closed at $40.08 per troy ounce on 2 August 2011, down $1.618 (3.88%) from the previous close of $41.70.
Notable session: moved more than 3% in a session.
Silver lost 3.88% 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 17.50% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $18.40, making this a +117.80% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $40.08 per troy ounce on 2 August 2011. That is $1.62 lower than the previous close of $41.70, a move of -3.88%.
The silver price fell on 2 August 2011, losing $1.62 (3.88%) against the previous session's close of $41.70.
At $40.08 per troy ounce, one gram of pure silver was worth about $1.29 on 2 August 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 41.0 on 2 August 2011, meaning one ounce of gold was worth roughly 41.0 ounces of silver.
A month before 2 August 2011, silver was around $34.81 per troy ounce, so the close of $40.08 is a gain of 15.1% over the month.
A year before 2 August 2011, silver was around $18.40 per troy ounce. The close of $40.08 therefore represents a rise of 117.8% over twelve months.
It closed 17.50% below the highest close on record up to that date, which was set on 2011-04-29.