Distance from the record
This close sat 54.17% 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 21 November 2008, not the current price.See today's silver price (11 September 2026)
Silver jumps 5.0% in a single session
Silver closed at $9.480 per troy ounce on 21 November 2008, up $0.455 (5.04%) from the previous close of $9.025.
Notable session: moved more than 3% in a session.
This was a 5.04% move in one session — well beyond a typical day for silver. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
This close sat 54.17% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $14.40, making this a -34.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.48 per troy ounce on 21 November 2008. That is $0.45 higher than the previous close of $9.02, a move of 5.04%.
The silver price rose on 21 November 2008, gaining $0.45 (5.04%) against the previous session's close of $9.02.
At $9.48 per troy ounce, one gram of pure silver was worth about $0.30 on 21 November 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 83.5 on 21 November 2008, meaning one ounce of gold was worth roughly 83.5 ounces of silver.
A month before 21 November 2008, silver was around $10.05 per troy ounce, so the close of $9.48 is a loss of 5.7% over the month.
A year before 21 November 2008, silver was around $14.40 per troy ounce. The close of $9.48 therefore represents a fall of 34.2% over twelve months.
It closed 54.17% below the highest close on record up to that date, which was set on 2008-03-05.