Distance from the record
This close sat 56.37% 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 November 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 28 October 2008
Silver closed at $9.025 per troy ounce on 20 November 2008, down $0.285 (3.06%) from the previous close of $9.310.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 3.06% 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 56.37% below the highest silver close recorded up to that date, set on 2008-03-05.
One of the ten lowest silver closes of that year, ranking 251 of 252 sessions.
Twelve months earlier silver traded around $14.48, making this a -37.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.02 per troy ounce on 20 November 2008. That is $0.29 lower than the previous close of $9.31, a move of -3.06%.
The silver price fell on 20 November 2008, losing $0.29 (3.06%) against the previous session's close of $9.31.
At $9.02 per troy ounce, one gram of pure silver was worth about $0.29 on 20 November 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 82.9 on 20 November 2008, meaning one ounce of gold was worth roughly 82.9 ounces of silver.
A week before 20 November 2008, silver was around $9.48 per troy ounce, so the close of $9.02 is a loss of 4.8% over the week.
A month before 20 November 2008, silver was around $9.66 per troy ounce, so the close of $9.02 is a loss of 6.6% over the month.
A year before 20 November 2008, silver was around $14.48 per troy ounce. The close of $9.02 therefore represents a fall of 37.7% over twelve months.
It closed 56.37% below the highest close on record up to that date, which was set on 2008-03-05.