Distance from the record
This close sat 15.88% 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 23 July 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 26 June 2008
Silver closed at $17.40 per troy ounce on 23 July 2008, down $0.545 (3.04%) from the previous close of $17.94.
Notable session: moved more than 3% in a session.
Silver lost 3.04% 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 15.88% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.24, making this a +31.38% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $17.40 per troy ounce on 23 July 2008. That is $0.55 lower than the previous close of $17.94, a move of -3.04%.
The silver price fell on 23 July 2008, losing $0.55 (3.04%) against the previous session's close of $17.94.
At $17.40 per troy ounce, one gram of pure silver was worth about $0.56 on 23 July 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.0 on 23 July 2008, meaning one ounce of gold was worth roughly 53.0 ounces of silver.
A week before 23 July 2008, silver was around $18.74 per troy ounce, so the close of $17.40 is a loss of 7.1% over the week.
A year before 23 July 2008, silver was around $13.24 per troy ounce. The close of $17.40 therefore represents a rise of 31.4% over twelve months.
It closed 15.88% below the highest close on record up to that date, which was set on 2008-03-05.