Distance from the record
This close sat 2.55% below the highest silver close recorded up to that date, set on 2008-03-05.
Loading…
This page is a historical record of the silver price in 7 March 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $20.16 per troy ounce on 7 March 2008, up $0.027 (0.13%) from the previous close of $20.13.
Silver barely moved, closing within 0.13% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 2.55% below the highest silver close recorded up to that date, set on 2008-03-05.
One of the ten highest silver closes of that year, ranking 5 of 252 sessions.
Twelve months earlier silver traded around $13.00, making this a +55.06% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $20.16 per troy ounce on 7 March 2008. That is $0.03 higher than the previous close of $20.13, a move of 0.13%.
The silver price rose on 7 March 2008, gaining $0.03 (0.13%) against the previous session's close of $20.13.
At $20.16 per troy ounce, one gram of pure silver was worth about $0.65 on 7 March 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 48.2 on 7 March 2008, meaning one ounce of gold was worth roughly 48.2 ounces of silver.
A month before 7 March 2008, silver was around $16.74 per troy ounce, so the close of $20.16 is a gain of 20.5% over the month.
A year before 7 March 2008, silver was around $13.00 per troy ounce. The close of $20.16 therefore represents a rise of 55.1% over twelve months.
It closed 2.55% below the highest close on record up to that date, which was set on 2008-03-05.