Distance from the record
This close sat 44.47% 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 2012, not the current price.See today's silver price (11 September 2026)
Silver falls 14.0% in a single session
Silver closed at $26.98 per troy ounce on 2 August 2012, down $4.389 (13.99%) from the previous close of $31.37.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 13.99% 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 44.47% below the highest silver close recorded up to that date, set on 2011-04-29.
One of the ten lowest silver closes of that year, ranking 240 of 247 sessions.
Twelve months earlier silver traded around $40.08, making this a -32.68% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $26.98 per troy ounce on 2 August 2012. That is $4.39 lower than the previous close of $31.37, a move of -13.99%.
The silver price fell on 2 August 2012, losing $4.39 (13.99%) against the previous session's close of $31.37.
At $26.98 per troy ounce, one gram of pure silver was worth about $0.87 on 2 August 2012. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 58.8 on 2 August 2012, meaning one ounce of gold was worth roughly 58.8 ounces of silver.
A year before 2 August 2012, silver was around $40.08 per troy ounce. The close of $26.98 therefore represents a fall of 32.7% over twelve months.
It closed 44.47% below the highest close on record up to that date, which was set on 2011-04-29.