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 7 August 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 11 July 2023
Silver closed at $23.14 per troy ounce on 7 August 2023, down $0.475 (2.01%) from the previous close of $23.62.
Silver lost 2.01% 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 52.37% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $19.82, making this a +16.77% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.14 per troy ounce on 7 August 2023. That is $0.48 lower than the previous close of $23.62, a move of -2.01%.
The silver price fell on 7 August 2023, losing $0.48 (2.01%) against the previous session's close of $23.62.
At $23.14 per troy ounce, one gram of pure silver was worth about $0.74 on 7 August 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 83.5 on 7 August 2023, meaning one ounce of gold was worth roughly 83.5 ounces of silver.
A week before 7 August 2023, silver was around $24.85 per troy ounce, so the close of $23.14 is a loss of 6.9% over the week.
A year before 7 August 2023, silver was around $19.82 per troy ounce. The close of $23.14 therefore represents a rise of 16.8% over twelve months.
It closed 52.37% below the highest close on record up to that date, which was set on 2011-04-29.