Distance from the record
This close sat 19.40% 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 24 August 2011, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 12 August 2011
Silver closed at $39.16 per troy ounce on 24 August 2011, down $3.124 (7.39%) from the previous close of $42.28.
Notable session: moved more than 3% in a session.
Silver lost 7.39% 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 19.40% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $18.37, making this a +113.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $39.16 per troy ounce on 24 August 2011. That is $3.12 lower than the previous close of $42.28, a move of -7.39%.
The silver price fell on 24 August 2011, losing $3.12 (7.39%) against the previous session's close of $42.28.
At $39.16 per troy ounce, one gram of pure silver was worth about $1.26 on 24 August 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 44.8 on 24 August 2011, meaning one ounce of gold was worth roughly 44.8 ounces of silver.
A week before 24 August 2011, silver was around $40.35 per troy ounce, so the close of $39.16 is a loss of 3.0% over the week.
A year before 24 August 2011, silver was around $18.37 per troy ounce. The close of $39.16 therefore represents a rise of 113.2% over twelve months.
It closed 19.40% below the highest close on record up to that date, which was set on 2011-04-29.