Distance from the record
This close sat 52.42% 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 May 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 27 March 2023
Silver closed at $23.11 per troy ounce on 24 May 2023, down $0.359 (1.53%) from the previous close of $23.47.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 52.42% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $22.06, making this a +4.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.11 per troy ounce on 24 May 2023. That is $0.36 lower than the previous close of $23.47, a move of -1.53%.
The silver price fell on 24 May 2023, losing $0.36 (1.53%) against the previous session's close of $23.47.
At $23.11 per troy ounce, one gram of pure silver was worth about $0.74 on 24 May 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.9 on 24 May 2023, meaning one ounce of gold was worth roughly 84.9 ounces of silver.
A week before 24 May 2023, silver was around $23.75 per troy ounce, so the close of $23.11 is a loss of 2.7% over the week.
A month before 24 May 2023, silver was around $25.31 per troy ounce, so the close of $23.11 is a loss of 8.7% over the month.
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 52.42% below the highest close on record up to that date, which was set on 2011-04-29.