Distance from the record
This close sat 66.27% 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 28 February 2020, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 5 August 2019
Silver closed at $16.39 per troy ounce on 28 February 2020, down $1.271 (7.20%) from the previous close of $17.66.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 7.20% 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 66.27% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $15.54, making this a +5.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.39 per troy ounce on 28 February 2020. That is $1.27 lower than the previous close of $17.66, a move of -7.20%.
The silver price fell on 28 February 2020, losing $1.27 (7.20%) against the previous session's close of $17.66.
At $16.39 per troy ounce, one gram of pure silver was worth about $0.53 on 28 February 2020. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 95.4 on 28 February 2020, meaning one ounce of gold was worth roughly 95.4 ounces of silver.
A week before 28 February 2020, silver was around $18.52 per troy ounce, so the close of $16.39 is a loss of 11.5% over the week.
A month before 28 February 2020, silver was around $17.40 per troy ounce, so the close of $16.39 is a loss of 5.8% over the month.
This close was session 4 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 66.27% below the highest close on record up to that date, which was set on 2011-04-29.