Distance from the record
This close sat 54.07% 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 October 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $9.500 per troy ounce on 23 October 2008, up $0.048 (0.51%) from the previous close of $9.452.
This close sat 54.07% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.57, making this a -30.00% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.50 per troy ounce on 23 October 2008. That is $0.05 higher than the previous close of $9.45, a move of 0.51%.
The silver price rose on 23 October 2008, gaining $0.05 (0.51%) against the previous session's close of $9.45.
At $9.50 per troy ounce, one gram of pure silver was worth about $0.31 on 23 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.1 on 23 October 2008, meaning one ounce of gold was worth roughly 75.1 ounces of silver.
A month before 23 October 2008, silver was around $13.12 per troy ounce, so the close of $9.50 is a loss of 27.6% over the month.
A year before 23 October 2008, silver was around $13.57 per troy ounce. The close of $9.50 therefore represents a fall of 30.0% over twelve months.
It closed 54.07% below the highest close on record up to that date, which was set on 2008-03-05.