Distance from the record
This close sat 63.44% 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 31 August 2022, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 24 June 2020
Silver closed at $17.76 per troy ounce on 31 August 2022, down $0.397 (2.19%) from the previous close of $18.16.
Notable session: lowest close of the year; lowest close of the month.
Silver lost 2.19% 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 63.44% below the highest silver close recorded up to that date, set on 2011-04-29.
One of the ten lowest silver closes of that year, ranking 245 of 245 sessions.
Twelve months earlier silver traded around $23.96, making this a -25.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $17.76 per troy ounce on 31 August 2022. That is $0.40 lower than the previous close of $18.16, a move of -2.19%.
The silver price fell on 31 August 2022, losing $0.40 (2.19%) against the previous session's close of $18.16.
At $17.76 per troy ounce, one gram of pure silver was worth about $0.57 on 31 August 2022. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 96.4 on 31 August 2022, meaning one ounce of gold was worth roughly 96.4 ounces of silver.
A week before 31 August 2022, silver was around $18.90 per troy ounce, so the close of $17.76 is a loss of 6.0% over the week.
A month before 31 August 2022, silver was around $20.16 per troy ounce, so the close of $17.76 is a loss of 11.9% over the month.
A year before 31 August 2022, silver was around $23.96 per troy ounce. The close of $17.76 therefore represents a fall of 25.9% over twelve months.
This close was session 4 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 63.44% below the highest close on record up to that date, which was set on 2011-04-29.