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 2011, not the current price.See today's silver price (11 September 2026)
Silver closed at $41.70 per troy ounce on 31 August 2011, up $0.301 (0.73%) from the previous close of $41.40.
This was the strongest close of the week up to that point.
This close sat 14.17% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $19.40, making this a +114.97% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $41.70 per troy ounce on 31 August 2011. That is $0.30 higher than the previous close of $41.40, a move of 0.73%.
The silver price rose on 31 August 2011, gaining $0.30 (0.73%) against the previous session's close of $41.40.
At $41.70 per troy ounce, one gram of pure silver was worth about $1.34 on 31 August 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 43.8 on 31 August 2011, meaning one ounce of gold was worth roughly 43.8 ounces of silver.
A week before 31 August 2011, silver was around $39.16 per troy ounce, so the close of $41.70 is a gain of 6.5% over the week.
A year before 31 August 2011, silver was around $19.40 per troy ounce. The close of $41.70 therefore represents a rise of 115.0% over twelve months.
It closed 14.17% below the highest close on record up to that date, which was set on 2011-04-29.