Distance from the record
This close sat 58.72% 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 March 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 3 November 2022
Silver closed at $20.05 per troy ounce on 7 March 2023, down $0.930 (4.43%) from the previous close of $20.98.
Notable session: moved more than 3% in a session.
Silver lost 4.43% 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 58.72% below the highest silver close recorded up to that date, set on 2011-04-29.
One of the ten lowest silver closes of that year, ranking 244 of 246 sessions.
Twelve months earlier silver traded around $25.71, making this a -22.01% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $20.05 per troy ounce on 7 March 2023. That is $0.93 lower than the previous close of $20.98, a move of -4.43%.
The silver price fell on 7 March 2023, losing $0.93 (4.43%) against the previous session's close of $20.98.
At $20.05 per troy ounce, one gram of pure silver was worth about $0.64 on 7 March 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 90.5 on 7 March 2023, meaning one ounce of gold was worth roughly 90.5 ounces of silver.
A week before 7 March 2023, silver was around $20.96 per troy ounce, so the close of $20.05 is a loss of 4.3% over the week.
A month before 7 March 2023, silver was around $22.12 per troy ounce, so the close of $20.05 is a loss of 9.3% over the month.
A year before 7 March 2023, silver was around $25.71 per troy ounce. The close of $20.05 therefore represents a fall of 22.0% over twelve months.
It closed 58.72% below the highest close on record up to that date, which was set on 2011-04-29.