Distance from the record
This close sat 43.80% below the highest silver close recorded up to that date, set on 2011-04-29.
Loading…
This page is a historical record of the silver price in 7 May 2024, not the current price.See today's silver price (11 September 2026)
Silver closed at $27.30 per troy ounce on 7 May 2024, down $0.066 (0.24%) from the previous close of $27.37.
This close sat 43.80% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $25.74, making this a +6.06% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $27.30 per troy ounce on 7 May 2024. That is $0.07 lower than the previous close of $27.37, a move of -0.24%.
The silver price fell on 7 May 2024, losing $0.07 (0.24%) against the previous session's close of $27.37.
At $27.30 per troy ounce, one gram of pure silver was worth about $0.88 on 7 May 2024. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.8 on 7 May 2024, meaning one ounce of gold was worth roughly 84.8 ounces of silver.
A week before 7 May 2024, silver was around $26.39 per troy ounce, so the close of $27.30 is a gain of 3.5% over the week.
It closed 43.80% below the highest close on record up to that date, which was set on 2011-04-29.