Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the silver price in 31 May 2005, not the current price.See today's silver price (11 September 2026)
Highest closing price since 11 March 2005
Silver closed at $7.444 per troy ounce on 31 May 2005, up $0.142 (1.94%) from the previous close of $7.302.
Notable session: highest close of the month.
This close extended a run of 6 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 9.34% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $6.105, making this a +21.93% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.44 per troy ounce on 31 May 2005. That is $0.14 higher than the previous close of $7.30, a move of 1.94%.
The silver price rose on 31 May 2005, gaining $0.14 (1.94%) against the previous session's close of $7.30.
At $7.44 per troy ounce, one gram of pure silver was worth about $0.24 on 31 May 2005. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 55.9 on 31 May 2005, meaning one ounce of gold was worth roughly 55.9 ounces of silver.
A week before 31 May 2005, silver was around $6.99 per troy ounce, so the close of $7.44 is a gain of 6.5% over the week.
A month before 31 May 2005, silver was around $6.90 per troy ounce, so the close of $7.44 is a gain of 7.9% over the month.
A year before 31 May 2005, silver was around $6.11 per troy ounce. The close of $7.44 therefore represents a rise of 21.9% over twelve months.
This close was session 6 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 9.34% below the highest close on record up to that date, which was set on 2004-04-06.