Distance from the record
This close sat 6.02% below the highest silver close recorded up to that date, set on 2004-01-28.
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This page is a historical record of the silver price in 29 January 2004, not the current price.See today's silver price (11 September 2026)
Silver falls 6.0% in a single session
Silver closed at $6.226 per troy ounce on 29 January 2004, down $0.399 (6.02%) from the previous close of $6.625.
Notable session: moved more than 3% in a session.
Silver lost 6.02% 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 6.02% below the highest silver close recorded up to that date, set on 2004-01-28.
Twelve months earlier silver traded around $4.800, making this a +29.71% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $6.23 per troy ounce on 29 January 2004. That is $0.40 lower than the previous close of $6.63, a move of -6.02%.
The silver price fell on 29 January 2004, losing $0.40 (6.02%) against the previous session's close of $6.63.
At $6.23 per troy ounce, one gram of pure silver was worth about $0.20 on 29 January 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 64.0 on 29 January 2004, meaning one ounce of gold was worth roughly 64.0 ounces of silver.
A month before 29 January 2004, silver was around $5.92 per troy ounce, so the close of $6.23 is a gain of 5.2% over the month.
A year before 29 January 2004, silver was around $4.80 per troy ounce. The close of $6.23 therefore represents a rise of 29.7% over twelve months.
It closed 6.02% below the highest close on record up to that date, which was set on 2004-01-28.