Distance from the record
This close sat 12.37% 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 3 May 2011, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 15 April 2011
Silver closed at $42.58 per troy ounce on 3 May 2011, down $3.502 (7.60%) from the previous close of $46.08.
Notable session: moved more than 3% in a session.
Silver lost 7.60% 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 12.37% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $18.81, making this a +126.31% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $42.58 per troy ounce on 3 May 2011. That is $3.50 lower than the previous close of $46.08, a move of -7.60%.
The silver price fell on 3 May 2011, losing $3.50 (7.60%) against the previous session's close of $46.08.
At $42.58 per troy ounce, one gram of pure silver was worth about $1.37 on 3 May 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 36.2 on 3 May 2011, meaning one ounce of gold was worth roughly 36.2 ounces of silver.
A week before 3 May 2011, silver was around $45.06 per troy ounce, so the close of $42.58 is a loss of 5.5% over the week.
A month before 3 May 2011, silver was around $37.87 per troy ounce, so the close of $42.58 is a gain of 12.4% over the month.
A year before 3 May 2011, silver was around $18.81 per troy ounce. The close of $42.58 therefore represents a rise of 126.3% over twelve months.
It closed 12.37% below the highest close on record up to that date, which was set on 2011-04-29.