Distance from the record
This close sat 65.46% 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 October 2014, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 25 March 2010
Silver closed at $16.78 per troy ounce on 3 October 2014, down $0.221 (1.30%) from the previous close of $17.00.
Silver had not closed this low for about 4 years. Breaking below a level held that long is the kind of move that tends to set the tone for the sessions that follow.
This close sat 65.46% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $21.74, making this a -22.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.78 per troy ounce on 3 October 2014. That is $0.22 lower than the previous close of $17.00, a move of -1.30%.
The silver price fell on 3 October 2014, losing $0.22 (1.30%) against the previous session's close of $17.00.
At $16.78 per troy ounce, one gram of pure silver was worth about $0.54 on 3 October 2014. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 71.0 on 3 October 2014, meaning one ounce of gold was worth roughly 71.0 ounces of silver.
A week before 3 October 2014, silver was around $17.48 per troy ounce, so the close of $16.78 is a loss of 4.0% over the week.
A month before 3 October 2014, silver was around $19.11 per troy ounce, so the close of $16.78 is a loss of 12.2% over the month.
A year before 3 October 2014, silver was around $21.74 per troy ounce. The close of $16.78 therefore represents a fall of 22.8% 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 65.46% below the highest close on record up to that date, which was set on 2011-04-29.