Distance from the record
This close sat 18.76% 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 20 March 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 7 February 2008
Silver closed at $16.81 per troy ounce on 20 March 2008, down $1.590 (8.64%) from the previous close of $18.40.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 8.64% 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 18.76% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.28, making this a +26.50% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.81 per troy ounce on 20 March 2008. That is $1.59 lower than the previous close of $18.40, a move of -8.64%.
The silver price fell on 20 March 2008, losing $1.59 (8.64%) against the previous session's close of $18.40.
At $16.81 per troy ounce, one gram of pure silver was worth about $0.54 on 20 March 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 54.7 on 20 March 2008, meaning one ounce of gold was worth roughly 54.7 ounces of silver.
A week before 20 March 2008, silver was around $20.34 per troy ounce, so the close of $16.81 is a loss of 17.4% over the week.
A month before 20 March 2008, silver was around $17.75 per troy ounce, so the close of $16.81 is a loss of 5.3% over the month.
A year before 20 March 2008, silver was around $13.28 per troy ounce. The close of $16.81 therefore represents a rise of 26.5% over twelve months.
This close was session 4 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 18.76% below the highest close on record up to that date, which was set on 2008-03-05.