Distance from the record
This close sat 19.94% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 24 August 2004, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 12 August 2004
Silver closed at $6.574 per troy ounce on 24 August 2004, down $0.167 (2.48%) from the previous close of $6.741.
Silver lost 2.48% 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 19.94% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $4.993, making this a +31.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $6.57 per troy ounce on 24 August 2004. That is $0.17 lower than the previous close of $6.74, a move of -2.48%.
The silver price fell on 24 August 2004, losing $0.17 (2.48%) against the previous session's close of $6.74.
At $6.57 per troy ounce, one gram of pure silver was worth about $0.21 on 24 August 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 61.3 on 24 August 2004, meaning one ounce of gold was worth roughly 61.3 ounces of silver.
A week before 24 August 2004, silver was around $6.72 per troy ounce, so the close of $6.57 is a loss of 2.2% over the week.
A year before 24 August 2004, silver was around $4.99 per troy ounce. The close of $6.57 therefore represents a rise of 31.7% over twelve months.
It closed 19.94% below the highest close on record up to that date, which was set on 2004-04-06.