Distance from the record
This close sat 12.39% 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 October 2004, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.194 per troy ounce on 7 October 2004, down $0.028 (0.39%) from the previous close of $7.222.
This close sat 12.39% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $4.875, making this a +47.57% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.19 per troy ounce on 7 October 2004. That is $0.03 lower than the previous close of $7.22, a move of -0.39%.
The silver price fell on 7 October 2004, losing $0.03 (0.39%) against the previous session's close of $7.22.
At $7.19 per troy ounce, one gram of pure silver was worth about $0.23 on 7 October 2004. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 58.1 on 7 October 2004, meaning one ounce of gold was worth roughly 58.1 ounces of silver.
A week before 7 October 2004, silver was around $6.92 per troy ounce, so the close of $7.19 is a gain of 4.0% over the week.
A month before 7 October 2004, silver was around $6.20 per troy ounce, so the close of $7.19 is a gain of 16.1% over the month.
A year before 7 October 2004, silver was around $4.88 per troy ounce. The close of $7.19 therefore represents a rise of 47.6% over twelve months.
It closed 12.39% below the highest close on record up to that date, which was set on 2004-04-06.