Distance from the record
This close sat 36.28% below the highest silver close recorded up to that date, set on 2011-04-29.
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This page is a historical record of the silver price in 7 October 2011, not the current price.See today's silver price (11 September 2026)
Silver falls 3.2% in a single session
Silver closed at $30.96 per troy ounce on 7 October 2011, down $1.012 (3.17%) from the previous close of $31.97.
Notable session: moved more than 3% in a session.
Silver lost 3.17% 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 36.28% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $22.57, making this a +37.19% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $30.96 per troy ounce on 7 October 2011. That is $1.01 lower than the previous close of $31.97, a move of -3.17%.
The silver price fell on 7 October 2011, losing $1.01 (3.17%) against the previous session's close of $31.97.
At $30.96 per troy ounce, one gram of pure silver was worth about $1.00 on 7 October 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 52.8 on 7 October 2011, meaning one ounce of gold was worth roughly 52.8 ounces of silver.
A week before 7 October 2011, silver was around $30.04 per troy ounce, so the close of $30.96 is a gain of 3.1% over the week.
A month before 7 October 2011, silver was around $41.57 per troy ounce, so the close of $30.96 is a loss of 25.5% over the month.
A year before 7 October 2011, silver was around $22.57 per troy ounce. The close of $30.96 therefore represents a rise of 37.2% over twelve months.
It closed 36.28% below the highest close on record up to that date, which was set on 2011-04-29.