Distance from the record
This close sat 7.83% below the highest silver close recorded up to that date, set on 2011-01-03.
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This page is a historical record of the silver price in 7 January 2011, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 10 December 2010
Silver closed at $28.66 per troy ounce on 7 January 2011, down $0.449 (1.54%) from the previous close of $29.11.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 7.83% below the highest silver close recorded up to that date, set on 2011-01-03.
Twelve months earlier silver traded around $18.33, making this a +56.34% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $28.66 per troy ounce on 7 January 2011. That is $0.45 lower than the previous close of $29.11, a move of -1.54%.
The silver price fell on 7 January 2011, losing $0.45 (1.54%) against the previous session's close of $29.11.
At $28.66 per troy ounce, one gram of pure silver was worth about $0.92 on 7 January 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 47.7 on 7 January 2011, meaning one ounce of gold was worth roughly 47.7 ounces of silver.
A week before 7 January 2011, silver was around $30.91 per troy ounce, so the close of $28.66 is a loss of 7.3% over the week.
A year before 7 January 2011, silver was around $18.33 per troy ounce. The close of $28.66 therefore represents a rise of 56.3% over twelve months.
This close was session 4 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 7.83% below the highest close on record up to that date, which was set on 2011-01-03.