Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the silver price in 7 October 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $11.32 per troy ounce on 7 October 2008, up $0.095 (0.85%) from the previous close of $11.23.
No earlier session that month closed above this level.
This close sat 45.25% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $13.38, making this a -15.35% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $11.32 per troy ounce on 7 October 2008. That is $0.10 higher than the previous close of $11.23, a move of 0.85%.
The silver price rose on 7 October 2008, gaining $0.10 (0.85%) against the previous session's close of $11.23.
At $11.32 per troy ounce, one gram of pure silver was worth about $0.36 on 7 October 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 77.6 on 7 October 2008, meaning one ounce of gold was worth roughly 77.6 ounces of silver.
A week before 7 October 2008, silver was around $12.23 per troy ounce, so the close of $11.32 is a loss of 7.4% over the week.
A month before 7 October 2008, silver was around $12.24 per troy ounce, so the close of $11.32 is a loss of 7.5% over the month.
A year before 7 October 2008, silver was around $13.38 per troy ounce. The close of $11.32 therefore represents a fall of 15.4% over twelve months.
It closed 45.25% below the highest close on record up to that date, which was set on 2008-03-05.