Distance from the record
This close sat 54.31% 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 October 2008, not the current price.See today's silver price (11 September 2026)
Silver falls 6.0% in a single session
Silver closed at $9.452 per troy ounce on 22 October 2008, down $0.598 (5.95%) from the previous close of $10.05.
Notable session: moved more than 3% in a session.
Silver lost 5.95% 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 54.31% 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 244 of 252 sessions.
Twelve months earlier silver traded around $13.48, making this a -29.86% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.45 per troy ounce on 22 October 2008. That is $0.60 lower than the previous close of $10.05, a move of -5.95%.
The silver price fell on 22 October 2008, losing $0.60 (5.95%) against the previous session's close of $10.05.
At $9.45 per troy ounce, one gram of pure silver was worth about $0.30 on 22 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 77.6 on 22 October 2008, meaning one ounce of gold was worth roughly 77.6 ounces of silver.
A week before 22 October 2008, silver was around $10.14 per troy ounce, so the close of $9.45 is a loss of 6.8% over the week.
A month before 22 October 2008, silver was around $13.40 per troy ounce, so the close of $9.45 is a loss of 29.5% over the month.
A year before 22 October 2008, silver was around $13.48 per troy ounce. The close of $9.45 therefore represents a fall of 29.9% over twelve months.
It closed 54.31% below the highest close on record up to that date, which was set on 2008-03-05.