Distance from the record
This close sat 26.95% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 2 July 2004, not the current price.See today's silver price (11 September 2026)
Silver falls 8.4% in a single session
Silver closed at $5.998 per troy ounce on 2 July 2004, down $0.552 (8.43%) from the previous close of $6.550.
Notable session: moved more than 3% in a session.
Silver lost 8.43% 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 26.95% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $4.634, making this a +29.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $6.00 per troy ounce on 2 July 2004. That is $0.55 lower than the previous close of $6.55, a move of -8.43%.
The silver price fell on 2 July 2004, losing $0.55 (8.43%) against the previous session's close of $6.55.
At $6.00 per troy ounce, one gram of pure silver was worth about $0.19 on 2 July 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 66.4 on 2 July 2004, meaning one ounce of gold was worth roughly 66.4 ounces of silver.
A week before 2 July 2004, silver was around $6.13 per troy ounce, so the close of $6.00 is a loss of 2.1% over the week.
A year before 2 July 2004, silver was around $4.63 per troy ounce. The close of $6.00 therefore represents a rise of 29.4% over twelve months.
It closed 26.95% below the highest close on record up to that date, which was set on 2004-04-06.