Distance from the record
This close sat 10.92% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 22 October 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.314 per troy ounce on 22 October 2004, up $0.023 (0.32%) from the previous close of $7.291.
This close sat 10.92% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $5.130, making this a +42.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.31 per troy ounce on 22 October 2004. That is $0.02 higher than the previous close of $7.29, a move of 0.32%.
The silver price rose on 22 October 2004, gaining $0.02 (0.32%) against the previous session's close of $7.29.
At $7.31 per troy ounce, one gram of pure silver was worth about $0.24 on 22 October 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 58.1 on 22 October 2004, meaning one ounce of gold was worth roughly 58.1 ounces of silver.
A week before 22 October 2004, silver was around $7.09 per troy ounce, so the close of $7.31 is a gain of 3.1% over the week.
A month before 22 October 2004, silver was around $6.35 per troy ounce, so the close of $7.31 is a gain of 15.2% over the month.
A year before 22 October 2004, silver was around $5.13 per troy ounce. The close of $7.31 therefore represents a rise of 42.6% over twelve months.
It closed 10.92% below the highest close on record up to that date, which was set on 2004-04-06.