Distance from the record
This close sat 51.99% 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 October 2020, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 25 September 2020
Silver closed at $23.32 per troy ounce on 28 October 2020, down $1.202 (4.90%) from the previous close of $24.53.
Notable session: lowest close of the month; moved more than 3% in a session.
Silver lost 4.90% 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 51.99% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.82, making this a +30.92% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.32 per troy ounce on 28 October 2020. That is $1.20 lower than the previous close of $24.53, a move of -4.90%.
The silver price fell on 28 October 2020, losing $1.20 (4.90%) against the previous session's close of $24.53.
At $23.32 per troy ounce, one gram of pure silver was worth about $0.75 on 28 October 2020. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.4 on 28 October 2020, meaning one ounce of gold was worth roughly 80.4 ounces of silver.
A week before 28 October 2020, silver was around $25.20 per troy ounce, so the close of $23.32 is a loss of 7.4% over the week.
A year before 28 October 2020, silver was around $17.82 per troy ounce. The close of $23.32 therefore represents a rise of 30.9% over twelve months.
It closed 51.99% below the highest close on record up to that date, which was set on 2011-04-29.