Distance from the record
This close sat 55.06% 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 24 October 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 15 February 2006
Silver closed at $9.295 per troy ounce on 24 October 2008, down $0.205 (2.16%) from the previous close of $9.500.
Silver lost 2.16% 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 55.06% below the highest silver close recorded up to that date, set on 2008-03-05.
One of the ten lowest silver closes of that year, ranking 249 of 252 sessions.
Twelve months earlier silver traded around $13.52, making this a -31.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.30 per troy ounce on 24 October 2008. That is $0.20 lower than the previous close of $9.50, a move of -2.16%.
The silver price fell on 24 October 2008, losing $0.20 (2.16%) against the previous session's close of $9.50.
At $9.30 per troy ounce, one gram of pure silver was worth about $0.30 on 24 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 78.4 on 24 October 2008, meaning one ounce of gold was worth roughly 78.4 ounces of silver.
A month before 24 October 2008, silver was around $13.38 per troy ounce, so the close of $9.30 is a loss of 30.6% over the month.
A year before 24 October 2008, silver was around $13.52 per troy ounce. The close of $9.30 therefore represents a fall of 31.2% over twelve months.
It closed 55.06% below the highest close on record up to that date, which was set on 2008-03-05.