Distance from the record
This close sat 38.34% 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 2012, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 13 January 2012
Silver closed at $29.96 per troy ounce on 3 May 2012, down $0.633 (2.07%) from the previous close of $30.59.
Silver lost 2.07% 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 38.34% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $42.58, making this a -29.63% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $29.96 per troy ounce on 3 May 2012. That is $0.63 lower than the previous close of $30.59, a move of -2.07%.
The silver price fell on 3 May 2012, losing $0.63 (2.07%) against the previous session's close of $30.59.
At $29.96 per troy ounce, one gram of pure silver was worth about $0.96 on 3 May 2012. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 54.5 on 3 May 2012, meaning one ounce of gold was worth roughly 54.5 ounces of silver.
A week before 3 May 2012, silver was around $31.20 per troy ounce, so the close of $29.96 is a loss of 4.0% over the week.
A month before 3 May 2012, silver was around $33.25 per troy ounce, so the close of $29.96 is a loss of 9.9% over the month.
A year before 3 May 2012, silver was around $42.58 per troy ounce. The close of $29.96 therefore represents a fall of 29.6% 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 38.34% below the highest close on record up to that date, which was set on 2011-04-29.