Distance from the record
This close sat 11.96% 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 3 March 2005, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.229 per troy ounce on 3 March 2005, down $0.078 (1.07%) from the previous close of $7.307.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 11.96% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $6.743, making this a +7.21% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.23 per troy ounce on 3 March 2005. That is $0.08 lower than the previous close of $7.31, a move of -1.07%.
The silver price fell on 3 March 2005, losing $0.08 (1.07%) against the previous session's close of $7.31.
At $7.23 per troy ounce, one gram of pure silver was worth about $0.23 on 3 March 2005. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 59.5 on 3 March 2005, meaning one ounce of gold was worth roughly 59.5 ounces of silver.
A week before 3 March 2005, silver was around $7.38 per troy ounce, so the close of $7.23 is a loss of 2.1% over the week.
A month before 3 March 2005, silver was around $6.67 per troy ounce, so the close of $7.23 is a gain of 8.4% over the month.
It closed 11.96% below the highest close on record up to that date, which was set on 2004-04-06.