Distance from the record
This close sat 42.90% 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 May 2012, not the current price.See today's silver price (11 September 2026)
Silver closed at $27.74 per troy ounce on 31 May 2012, down $0.221 (0.79%) from the previous close of $27.96.
This close sat 42.90% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $38.30, making this a -27.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $27.74 per troy ounce on 31 May 2012. That is $0.22 lower than the previous close of $27.96, a move of -0.79%.
The silver price fell on 31 May 2012, losing $0.22 (0.79%) against the previous session's close of $27.96.
At $27.74 per troy ounce, one gram of pure silver was worth about $0.89 on 31 May 2012. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 56.3 on 31 May 2012, meaning one ounce of gold was worth roughly 56.3 ounces of silver.
A month before 31 May 2012, silver was around $30.96 per troy ounce, so the close of $27.74 is a loss of 10.4% over the month.
A year before 31 May 2012, silver was around $38.30 per troy ounce. The close of $27.74 therefore represents a fall of 27.6% over twelve months.
It closed 42.90% below the highest close on record up to that date, which was set on 2011-04-29.