Distance from the record
This close sat 54.12% 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 4 December 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 21 November 2008
Silver closed at $9.491 per troy ounce on 4 December 2008, down $0.073 (0.76%) from the previous close of $9.564.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 54.12% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $14.27, making this a -33.49% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.49 per troy ounce on 4 December 2008. That is $0.07 lower than the previous close of $9.56, a move of -0.76%.
The silver price fell on 4 December 2008, losing $0.07 (0.76%) against the previous session's close of $9.56.
At $9.49 per troy ounce, one gram of pure silver was worth about $0.31 on 4 December 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.5 on 4 December 2008, meaning one ounce of gold was worth roughly 80.5 ounces of silver.
A week before 4 December 2008, silver was around $10.22 per troy ounce, so the close of $9.49 is a loss of 7.1% over the week.
A month before 4 December 2008, silver was around $10.13 per troy ounce, so the close of $9.49 is a loss of 6.3% over the month.
A year before 4 December 2008, silver was around $14.27 per troy ounce. The close of $9.49 therefore represents a fall of 33.5% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 54.12% below the highest close on record up to that date, which was set on 2008-03-05.