Distance from the record
This close sat 51.83% below the highest silver close recorded up to that date, set on 2008-03-05.
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This page is a historical record of the silver price in 7 November 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $9.963 per troy ounce on 7 November 2008, down $0.092 (0.91%) from the previous close of $10.06.
This close sat 51.83% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $15.27, making this a -34.76% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $9.96 per troy ounce on 7 November 2008. That is $0.09 lower than the previous close of $10.06, a move of -0.91%.
The silver price fell on 7 November 2008, losing $0.09 (0.91%) against the previous session's close of $10.06.
At $9.96 per troy ounce, one gram of pure silver was worth about $0.32 on 7 November 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 73.6 on 7 November 2008, meaning one ounce of gold was worth roughly 73.6 ounces of silver.
A week before 7 November 2008, silver was around $9.73 per troy ounce, so the close of $9.96 is a gain of 2.4% over the week.
A month before 7 November 2008, silver was around $11.32 per troy ounce, so the close of $9.96 is a loss of 12.0% over the month.
A year before 7 November 2008, silver was around $15.27 per troy ounce. The close of $9.96 therefore represents a fall of 34.8% over twelve months.
It closed 51.83% below the highest close on record up to that date, which was set on 2008-03-05.