Distance from the record
This close sat 20.34% 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 29 May 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 2 May 2008
Silver closed at $16.48 per troy ounce on 29 May 2008, down $0.903 (5.20%) from the previous close of $17.38.
Notable session: moved more than 3% in a session.
Silver lost 5.20% 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 20.34% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.16, making this a +25.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.48 per troy ounce on 29 May 2008. That is $0.90 lower than the previous close of $17.38, a move of -5.20%.
The silver price fell on 29 May 2008, losing $0.90 (5.20%) against the previous session's close of $17.38.
At $16.48 per troy ounce, one gram of pure silver was worth about $0.53 on 29 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.2 on 29 May 2008, meaning one ounce of gold was worth roughly 53.2 ounces of silver.
A week before 29 May 2008, silver was around $17.98 per troy ounce, so the close of $16.48 is a loss of 8.3% over the week.
A year before 29 May 2008, silver was around $13.16 per troy ounce. The close of $16.48 therefore represents a rise of 25.2% 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 20.34% below the highest close on record up to that date, which was set on 2008-03-05.