Distance from the record
This close sat 8.74% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 5 November 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.493 per troy ounce on 5 November 2004, up $0.122 (1.66%) from the previous close of $7.371.
This close extended a run of 3 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 8.74% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $4.979, making this a +50.49% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.49 per troy ounce on 5 November 2004. That is $0.12 higher than the previous close of $7.37, a move of 1.66%.
The silver price rose on 5 November 2004, gaining $0.12 (1.66%) against the previous session's close of $7.37.
At $7.49 per troy ounce, one gram of pure silver was worth about $0.24 on 5 November 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 57.9 on 5 November 2004, meaning one ounce of gold was worth roughly 57.9 ounces of silver.
A week before 5 November 2004, silver was around $7.29 per troy ounce, so the close of $7.49 is a gain of 2.8% over the week.
A month before 5 November 2004, silver was around $7.08 per troy ounce, so the close of $7.49 is a gain of 5.8% over the month.
A year before 5 November 2004, silver was around $4.98 per troy ounce. The close of $7.49 therefore represents a rise of 50.5% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 8.74% below the highest close on record up to that date, which was set on 2004-04-06.