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 October 2011, not the current price.See today's silver price (11 September 2026)
Silver closed at $34.34 per troy ounce on 31 October 2011, down $0.933 (2.65%) from the previous close of $35.27.
Silver lost 2.65% 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 was the strongest close of the week up to that point.
This close sat 29.32% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $24.56, making this a +39.81% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $34.34 per troy ounce on 31 October 2011. That is $0.93 lower than the previous close of $35.27, a move of -2.65%.
The silver price fell on 31 October 2011, losing $0.93 (2.65%) against the previous session's close of $35.27.
At $34.34 per troy ounce, one gram of pure silver was worth about $1.10 on 31 October 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 50.2 on 31 October 2011, meaning one ounce of gold was worth roughly 50.2 ounces of silver.
A week before 31 October 2011, silver was around $31.62 per troy ounce, so the close of $34.34 is a gain of 8.6% over the week.
A month before 31 October 2011, silver was around $30.04 per troy ounce, so the close of $34.34 is a gain of 14.3% over the month.
A year before 31 October 2011, silver was around $24.56 per troy ounce. The close of $34.34 therefore represents a rise of 39.8% over twelve months.
It closed 29.32% below the highest close on record up to that date, which was set on 2011-04-29.