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 May 2011, not the current price.See today's silver price (11 September 2026)
Highest closing price since 10 May 2011
Silver closed at $38.30 per troy ounce on 31 May 2011, up $0.446 (1.18%) from the previous close of $37.86.
This was the strongest close of the week up to that point.
This close sat 21.16% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $18.41, making this a +108.04% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $38.30 per troy ounce on 31 May 2011. That is $0.45 higher than the previous close of $37.86, a move of 1.18%.
The silver price rose on 31 May 2011, gaining $0.45 (1.18%) against the previous session's close of $37.86.
At $38.30 per troy ounce, one gram of pure silver was worth about $1.23 on 31 May 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 40.1 on 31 May 2011, meaning one ounce of gold was worth roughly 40.1 ounces of silver.
A week before 31 May 2011, silver was around $36.12 per troy ounce, so the close of $38.30 is a gain of 6.0% over the week.
A month before 31 May 2011, silver was around $48.58 per troy ounce, so the close of $38.30 is a loss of 21.2% over the month.
A year before 31 May 2011, silver was around $18.41 per troy ounce. The close of $38.30 therefore represents a rise of 108.0% over twelve months.
It closed 21.16% below the highest close on record up to that date, which was set on 2011-04-29.