Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the silver price in 23 May 2008, not the current price.See today's silver price (11 September 2026)
Highest closing price since 17 April 2008
Silver closed at $18.24 per troy ounce on 23 May 2008, up $0.266 (1.48%) from the previous close of $17.98.
Notable session: highest close of the month.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
No earlier session that month closed above this level.
This close sat 11.82% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.03, making this a +39.94% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.24 per troy ounce on 23 May 2008. That is $0.27 higher than the previous close of $17.98, a move of 1.48%.
The silver price rose on 23 May 2008, gaining $0.27 (1.48%) against the previous session's close of $17.98.
At $18.24 per troy ounce, one gram of pure silver was worth about $0.59 on 23 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 50.7 on 23 May 2008, meaning one ounce of gold was worth roughly 50.7 ounces of silver.
A week before 23 May 2008, silver was around $16.90 per troy ounce, so the close of $18.24 is a gain of 7.9% over the week.
A month before 23 May 2008, silver was around $17.16 per troy ounce, so the close of $18.24 is a gain of 6.3% over the month.
A year before 23 May 2008, silver was around $13.03 per troy ounce. The close of $18.24 therefore represents a rise of 39.9% over twelve months.
It closed 11.82% below the highest close on record up to that date, which was set on 2008-03-05.