Distance from the record
This close sat 57.51% below the highest silver close recorded up to that date, set on 2008-03-05.
Loading…
This page is a historical record of the silver price in 28 October 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 27 December 2005
Silver closed at $8.790 per troy ounce on 28 October 2008, down $0.405 (4.40%) from the previous close of $9.195.
Notable session: lowest close of the year; lowest close of the month; moved more than 3% in a session.
Silver lost 4.40% 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 57.51% 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 252 of 252 sessions.
Twelve months earlier silver traded around $14.21, making this a -38.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $8.79 per troy ounce on 28 October 2008. That is $0.40 lower than the previous close of $9.19, a move of -4.40%.
The silver price fell on 28 October 2008, losing $0.40 (4.40%) against the previous session's close of $9.19.
At $8.79 per troy ounce, one gram of pure silver was worth about $0.28 on 28 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.1 on 28 October 2008, meaning one ounce of gold was worth roughly 84.1 ounces of silver.
A week before 28 October 2008, silver was around $10.05 per troy ounce, so the close of $8.79 is a loss of 12.5% over the week.
A month before 28 October 2008, silver was around $13.46 per troy ounce, so the close of $8.79 is a loss of 34.7% over the month.
A year before 28 October 2008, silver was around $14.21 per troy ounce. The close of $8.79 therefore represents a fall of 38.2% over twelve months.
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 57.51% below the highest close on record up to that date, which was set on 2008-03-05.