Distance from the record
This close sat 49.63% 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 2023, not the current price.See today's silver price (11 September 2026)
Silver closed at $24.47 per troy ounce on 31 August 2023, down $0.262 (1.06%) from the previous close of $24.73.
This close sat 49.63% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.76, making this a +37.78% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $24.47 per troy ounce on 31 August 2023. That is $0.26 lower than the previous close of $24.73, a move of -1.06%.
The silver price fell on 31 August 2023, losing $0.26 (1.06%) against the previous session's close of $24.73.
At $24.47 per troy ounce, one gram of pure silver was worth about $0.79 on 31 August 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 79.2 on 31 August 2023, meaning one ounce of gold was worth roughly 79.2 ounces of silver.
A year before 31 August 2023, silver was around $17.76 per troy ounce. The close of $24.47 therefore represents a rise of 37.8% over twelve months.
It closed 49.63% below the highest close on record up to that date, which was set on 2011-04-29.