Distance from the record
This close sat 20.05% below the highest silver close recorded up to that date, set on 2008-03-05.
Loading…
This page is a historical record of the silver price in 5 August 2008, not the current price.See today's silver price (11 September 2026)
Silver falls 3.3% in a single session
Silver closed at $16.54 per troy ounce on 5 August 2008, down $0.566 (3.31%) from the previous close of $17.10.
Notable session: moved more than 3% in a session.
Silver lost 3.31% 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 20.05% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.10, making this a +26.24% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.54 per troy ounce on 5 August 2008. That is $0.57 lower than the previous close of $17.10, a move of -3.31%.
The silver price fell on 5 August 2008, losing $0.57 (3.31%) against the previous session's close of $17.10.
At $16.54 per troy ounce, one gram of pure silver was worth about $0.53 on 5 August 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.1 on 5 August 2008, meaning one ounce of gold was worth roughly 53.1 ounces of silver.
A week before 5 August 2008, silver was around $17.33 per troy ounce, so the close of $16.54 is a loss of 4.6% over the week.
A month before 5 August 2008, silver was around $18.28 per troy ounce, so the close of $16.54 is a loss of 9.6% over the month.
A year before 5 August 2008, silver was around $13.10 per troy ounce. The close of $16.54 therefore represents a rise of 26.2% over twelve months.
It closed 20.05% below the highest close on record up to that date, which was set on 2008-03-05.