Distance from the record
This close sat 31.93% below the highest silver close recorded up to that date, set on 2004-04-06.
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This page is a historical record of the silver price in 7 May 2004, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 11 December 2003
Silver closed at $5.589 per troy ounce on 7 May 2004, down $0.230 (3.95%) from the previous close of $5.819.
Notable session: moved more than 3% in a session.
Silver lost 3.95% 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 31.93% below the highest silver close recorded up to that date, set on 2004-04-06.
One of the ten lowest silver closes of that year, ranking 244 of 246 sessions.
Twelve months earlier silver traded around $4.729, making this a +18.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $5.59 per troy ounce on 7 May 2004. That is $0.23 lower than the previous close of $5.82, a move of -3.95%.
The silver price fell on 7 May 2004, losing $0.23 (3.95%) against the previous session's close of $5.82.
At $5.59 per troy ounce, one gram of pure silver was worth about $0.18 on 7 May 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 67.8 on 7 May 2004, meaning one ounce of gold was worth roughly 67.8 ounces of silver.
A week before 7 May 2004, silver was around $6.08 per troy ounce, so the close of $5.59 is a loss of 8.0% over the week.
A month before 7 May 2004, silver was around $8.19 per troy ounce, so the close of $5.59 is a loss of 31.7% over the month.
A year before 7 May 2004, silver was around $4.73 per troy ounce. The close of $5.59 therefore represents a rise of 18.2% over twelve months.
It closed 31.93% below the highest close on record up to that date, which was set on 2004-04-06.