Distance from the record
This close sat 50.91% 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 2020, not the current price.See today's silver price (11 September 2026)
Silver closed at $23.85 per troy ounce on 7 October 2020, down $0.022 (0.09%) from the previous close of $23.87.
Silver barely moved, closing within 0.09% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 50.91% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.46, making this a +36.61% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.85 per troy ounce on 7 October 2020. That is $0.02 lower than the previous close of $23.87, a move of -0.09%.
The silver price fell on 7 October 2020, losing $0.02 (0.09%) against the previous session's close of $23.87.
At $23.85 per troy ounce, one gram of pure silver was worth about $0.77 on 7 October 2020. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 79.0 on 7 October 2020, meaning one ounce of gold was worth roughly 79.0 ounces of silver.
A month before 7 October 2020, silver was around $26.58 per troy ounce, so the close of $23.85 is a loss of 10.3% over the month.
A year before 7 October 2020, silver was around $17.46 per troy ounce. The close of $23.85 therefore represents a rise of 36.6% over twelve months.
It closed 50.91% below the highest close on record up to that date, which was set on 2011-04-29.