Distance from the record
This close sat 66.64% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 7 February 2018, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 21 December 2017
Silver closed at $16.21 per troy ounce on 7 February 2018, down $0.342 (2.07%) from the previous close of $16.55.
Silver lost 2.07% 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 66.64% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.73, making this a -8.61% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.21 per troy ounce on 7 February 2018. That is $0.34 lower than the previous close of $16.55, a move of -2.07%.
The silver price fell on 7 February 2018, losing $0.34 (2.07%) against the previous session's close of $16.55.
At $16.21 per troy ounce, one gram of pure silver was worth about $0.52 on 7 February 2018. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.9 on 7 February 2018, meaning one ounce of gold was worth roughly 80.9 ounces of silver.
A week before 7 February 2018, silver was around $17.20 per troy ounce, so the close of $16.21 is a loss of 5.8% over the week.
A month before 7 February 2018, silver was around $17.20 per troy ounce, so the close of $16.21 is a loss of 5.8% over the month.
This close was session 3 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 66.64% below the highest close on record up to that date, which was set on 2011-04-29.