Distance from the record
This close sat 43.38% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 23 May 2012, not the current price.See today's silver price (11 September 2026)
Silver closed at $27.51 per troy ounce on 23 May 2012, down $0.657 (2.33%) from the previous close of $28.17.
Silver lost 2.33% 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 43.38% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $34.90, making this a -21.18% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $27.51 per troy ounce on 23 May 2012. That is $0.66 lower than the previous close of $28.17, a move of -2.33%.
The silver price fell on 23 May 2012, losing $0.66 (2.33%) against the previous session's close of $28.17.
At $27.51 per troy ounce, one gram of pure silver was worth about $0.88 on 23 May 2012. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 56.3 on 23 May 2012, meaning one ounce of gold was worth roughly 56.3 ounces of silver.
A month before 23 May 2012, silver was around $30.52 per troy ounce, so the close of $27.51 is a loss of 9.9% over the month.
A year before 23 May 2012, silver was around $34.90 per troy ounce. The close of $27.51 therefore represents a fall of 21.2% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 43.38% below the highest close on record up to that date, which was set on 2011-04-29.