Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the silver price in 31 August 2004, not the current price.See today's silver price (11 September 2026)
Highest closing price since 20 August 2004
Silver closed at $6.771 per troy ounce on 31 August 2004, up $0.066 (0.98%) from the previous close of $6.705.
This was the strongest close of the week up to that point.
This close sat 17.54% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $5.109, making this a +32.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $6.77 per troy ounce on 31 August 2004. That is $0.07 higher than the previous close of $6.70, a move of 0.98%.
The silver price rose on 31 August 2004, gaining $0.07 (0.98%) against the previous session's close of $6.70.
At $6.77 per troy ounce, one gram of pure silver was worth about $0.22 on 31 August 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 60.6 on 31 August 2004, meaning one ounce of gold was worth roughly 60.6 ounces of silver.
A week before 31 August 2004, silver was around $6.57 per troy ounce, so the close of $6.77 is a gain of 3.0% over the week.
A year before 31 August 2004, silver was around $5.11 per troy ounce. The close of $6.77 therefore represents a rise of 32.5% over twelve months.
It closed 17.54% below the highest close on record up to that date, which was set on 2004-04-06.