Distance from the record
This close sat 11.19% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 29 October 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.292 per troy ounce on 29 October 2004, up $0.105 (1.46%) from the previous close of $7.187.
This close sat 11.19% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $5.139, making this a +41.90% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.29 per troy ounce on 29 October 2004. That is $0.11 higher than the previous close of $7.19, a move of 1.46%.
The silver price rose on 29 October 2004, gaining $0.11 (1.46%) against the previous session's close of $7.19.
At $7.29 per troy ounce, one gram of pure silver was worth about $0.23 on 29 October 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 58.8 on 29 October 2004, meaning one ounce of gold was worth roughly 58.8 ounces of silver.
A month before 29 October 2004, silver was around $6.67 per troy ounce, so the close of $7.29 is a gain of 9.3% over the month.
A year before 29 October 2004, silver was around $5.14 per troy ounce. The close of $7.29 therefore represents a rise of 41.9% over twelve months.
It closed 11.19% below the highest close on record up to that date, which was set on 2004-04-06.