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Silver ranged between $9.730 and $19.81 per troy ounce during 2008, averaging $14.74 across 11 trading days. It finished the period at $11.27, down 23.84% from $14.80.
The strongest session of 2008 was 1 February 2008 at +16.88%, and the weakest 1 August 2008 at -23.34%.
Twelve months earlier silver traded around $14.80, making this a -23.84% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2008 | $16.95 | +$2.151 |
| 1 February 2008 | $19.81 | +$2.860 |
| 1 March 2008 | $17.27 | −$2.533 |
| 1 April 2008 | $16.50 | −$0.773 |
| 1 May 2008 | $16.83 | +$0.325 |
| 1 July 2008 | $17.75 | +$0.923 |
| 1 August 2008 | $13.61 | −$4.143 |
| 1 September 2008 | $12.23 | −$1.376 |
| 1 October 2008 | $9.730 | −$2.501 |
| 1 November 2008 | $10.19 | +$0.455 |
| 1 December 2008 | $11.27 | +$1.085 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Silver finished 2008 at $11.27 per troy ounce, having fallen $3.53 (23.84%) over the year. It has traded between $9.73 and $19.81 across 11 trading days.
The average silver closing price in 2008 was $14.74 per troy ounce, calculated across all 11 trading days in the year.
Silver reached its highest close of 2008 at $19.81 per troy ounce on 1 February 2008.
The lowest silver close in 2008 was $9.73 per troy ounce on 1 October 2008.
Silver fell during 2008. It entered the year at $14.80 and closed at $11.27, a change of -23.84%.
Silver closed higher on 6 sessions and lower on 5 during 2008. The strongest session was 1 February 2008 (+16.88%) and the weakest 1 August 2008 (-23.34%).
Daily closes in 2008 varied with a standard deviation of 13.74% per session, and the peak-to-trough spread across the year was 103.6% ($9.73 to $19.81).
At the 2008 close of $11.27 per troy ounce, silver worked out at about $0.36 per gram and $362.34 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 61.6 through 2008 and finished the year near 78.4. A higher ratio means silver is cheap relative to gold.
Silver was around $14.80 per troy ounce twelve months before the end of 2008. Closing at $11.27 makes that a decline of 23.8% year on year.