Distance from the record
This close sat 52.96% below the highest silver close recorded up to that date, set on 2008-03-05.
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This page is a historical record of the silver price in 31 October 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $9.730 per troy ounce on 31 October 2008, down $0.055 (0.56%) from the previous close of $9.785.
This close sat 52.96% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $14.38, making this a -32.32% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.73 per troy ounce on 31 October 2008. That is $0.06 lower than the previous close of $9.78, a move of -0.56%.
The silver price fell on 31 October 2008, losing $0.06 (0.56%) against the previous session's close of $9.78.
At $9.73 per troy ounce, one gram of pure silver was worth about $0.31 on 31 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 73.7 on 31 October 2008, meaning one ounce of gold was worth roughly 73.7 ounces of silver.
A week before 31 October 2008, silver was around $9.30 per troy ounce, so the close of $9.73 is a gain of 4.7% over the week.
A month before 31 October 2008, silver was around $12.23 per troy ounce, so the close of $9.73 is a loss of 20.4% over the month.
A year before 31 October 2008, silver was around $14.38 per troy ounce. The close of $9.73 therefore represents a fall of 32.3% over twelve months.
It closed 52.96% below the highest close on record up to that date, which was set on 2008-03-05.