Distance from the record
This close sat 46.43% 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 7 January 2009, not the current price.See today's silver price (11 September 2026)
Silver closed at $11.08 per troy ounce on 7 January 2009, down $0.340 (2.98%) from the previous close of $11.42.
Silver lost 2.98% 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 46.43% 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 244 of 249 sessions.
Twelve months earlier silver traded around $15.18, making this a -27.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $11.08 per troy ounce on 7 January 2009. That is $0.34 lower than the previous close of $11.42, a move of -2.98%.
The silver price fell on 7 January 2009, losing $0.34 (2.98%) against the previous session's close of $11.42.
At $11.08 per troy ounce, one gram of pure silver was worth about $0.36 on 7 January 2009. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.9 on 7 January 2009, meaning one ounce of gold was worth roughly 75.9 ounces of silver.
A month before 7 January 2009, silver was around $9.40 per troy ounce, so the close of $11.08 is a gain of 17.9% over the month.
A year before 7 January 2009, silver was around $15.18 per troy ounce. The close of $11.08 therefore represents a fall of 27.0% over twelve months.
It closed 46.43% below the highest close on record up to that date, which was set on 2008-03-05.