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 December 2020, not the current price.See today's silver price (11 September 2026)
Silver closed at $24.74 per troy ounce on 7 December 2020, up $0.538 (2.22%) from the previous close of $24.20.
This was a 2.22% move in one session — well beyond a typical day for silver. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
This was the strongest close of the week up to that point.
This close sat 49.08% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $16.48, making this a +50.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $24.74 per troy ounce on 7 December 2020. That is $0.54 higher than the previous close of $24.20, a move of 2.22%.
The silver price rose on 7 December 2020, gaining $0.54 (2.22%) against the previous session's close of $24.20.
At $24.74 per troy ounce, one gram of pure silver was worth about $0.80 on 7 December 2020. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.3 on 7 December 2020, meaning one ounce of gold was worth roughly 75.3 ounces of silver.
A week before 7 December 2020, silver was around $22.53 per troy ounce, so the close of $24.74 is a gain of 9.8% over the week.
A year before 7 December 2020, silver was around $16.48 per troy ounce. The close of $24.74 therefore represents a rise of 50.1% 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 49.08% below the highest close on record up to that date, which was set on 2011-04-29.