Distance from the record
This close sat 13.10% 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 22 May 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $17.98 per troy ounce on 22 May 2008, down $0.023 (0.13%) from the previous close of $18.00.
Silver barely moved, closing within 0.13% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 13.10% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $12.92, making this a +39.14% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $17.98 per troy ounce on 22 May 2008. That is $0.02 lower than the previous close of $18.00, a move of -0.13%.
The silver price fell on 22 May 2008, losing $0.02 (0.13%) against the previous session's close of $18.00.
At $17.98 per troy ounce, one gram of pure silver was worth about $0.58 on 22 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.1 on 22 May 2008, meaning one ounce of gold was worth roughly 51.1 ounces of silver.
A week before 22 May 2008, silver was around $16.63 per troy ounce, so the close of $17.98 is a gain of 8.1% over the week.
A year before 22 May 2008, silver was around $12.92 per troy ounce. The close of $17.98 therefore represents a rise of 39.1% over twelve months.
It closed 13.10% below the highest close on record up to that date, which was set on 2008-03-05.