Distance from the record
This close sat 54.55% 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 5 December 2008, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 20 November 2008
Silver closed at $9.401 per troy ounce on 5 December 2008, down $0.090 (0.95%) from the previous close of $9.491.
Notable session: lowest close of the month.
This close extended a run of 4 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 54.55% below the highest silver close recorded up to that date, set on 2008-03-05.
One of the ten lowest silver closes of that year, ranking 245 of 252 sessions.
Twelve months earlier silver traded around $14.27, making this a -34.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.40 per troy ounce on 5 December 2008. That is $0.09 lower than the previous close of $9.49, a move of -0.95%.
The silver price fell on 5 December 2008, losing $0.09 (0.95%) against the previous session's close of $9.49.
At $9.40 per troy ounce, one gram of pure silver was worth about $0.30 on 5 December 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 79.8 on 5 December 2008, meaning one ounce of gold was worth roughly 79.8 ounces of silver.
A week before 5 December 2008, silver was around $10.19 per troy ounce, so the close of $9.40 is a loss of 7.7% over the week.
A month before 5 December 2008, silver was around $10.45 per troy ounce, so the close of $9.40 is a loss of 10.1% over the month.
A year before 5 December 2008, silver was around $14.27 per troy ounce. The close of $9.40 therefore represents a fall of 34.1% over twelve months.
This close was session 4 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 54.55% below the highest close on record up to that date, which was set on 2008-03-05.