Distance from the record
This close sat 37.64% 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 2024, not the current price.See today's silver price (11 September 2026)
Silver falls 3.5% in a single session
Silver closed at $30.30 per troy ounce on 31 May 2024, down $1.091 (3.48%) from the previous close of $31.39.
Notable session: moved more than 3% in a session.
Silver lost 3.48% 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 37.64% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $23.47, making this a +29.07% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $30.30 per troy ounce on 31 May 2024. That is $1.09 lower than the previous close of $31.39, a move of -3.48%.
The silver price fell on 31 May 2024, losing $1.09 (3.48%) against the previous session's close of $31.39.
At $30.30 per troy ounce, one gram of pure silver was worth about $0.97 on 31 May 2024. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 76.7 on 31 May 2024, meaning one ounce of gold was worth roughly 76.7 ounces of silver.
A month before 31 May 2024, silver was around $26.39 per troy ounce, so the close of $30.30 is a gain of 14.8% over the month.
A year before 31 May 2024, silver was around $23.47 per troy ounce. The close of $30.30 therefore represents a rise of 29.1% over twelve months.
It closed 37.64% below the highest close on record up to that date, which was set on 2011-04-29.