Distance from the record
This close sat 15.98% 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 28 May 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $17.38 per troy ounce on 28 May 2008, down $0.045 (0.26%) from the previous close of $17.42.
This close sat 15.98% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $12.94, making this a +34.36% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $17.38 per troy ounce on 28 May 2008. That is $0.05 lower than the previous close of $17.42, a move of -0.26%.
The silver price fell on 28 May 2008, losing $0.05 (0.26%) against the previous session's close of $17.42.
At $17.38 per troy ounce, one gram of pure silver was worth about $0.56 on 28 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.8 on 28 May 2008, meaning one ounce of gold was worth roughly 51.8 ounces of silver.
A week before 28 May 2008, silver was around $18.00 per troy ounce, so the close of $17.38 is a loss of 3.4% over the week.
A year before 28 May 2008, silver was around $12.94 per troy ounce. The close of $17.38 therefore represents a rise of 34.4% over twelve months.
It closed 15.98% below the highest close on record up to that date, which was set on 2008-03-05.