Distance from the record
This close sat 58.82% 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 8 March 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 3 November 2022
Silver closed at $20.00 per troy ounce on 8 March 2023, down $0.049 (0.24%) from the previous close of $20.05.
Notable session: lowest close of the year; lowest close of the month.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 58.82% below the highest silver close recorded up to that date, set on 2011-04-29.
One of the ten lowest silver closes of that year, ranking 246 of 246 sessions.
Twelve months earlier silver traded around $26.89, making this a -25.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $20.00 per troy ounce on 8 March 2023. That is $0.05 lower than the previous close of $20.05, a move of -0.24%.
The silver price fell on 8 March 2023, losing $0.05 (0.24%) against the previous session's close of $20.05.
At $20.00 per troy ounce, one gram of pure silver was worth about $0.64 on 8 March 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 90.6 on 8 March 2023, meaning one ounce of gold was worth roughly 90.6 ounces of silver.
A week before 8 March 2023, silver was around $20.96 per troy ounce, so the close of $20.00 is a loss of 4.6% over the week.
A month before 8 March 2023, silver was around $22.37 per troy ounce, so the close of $20.00 is a loss of 10.6% over the month.
A year before 8 March 2023, silver was around $26.89 per troy ounce. The close of $20.00 therefore represents a fall of 25.6% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 58.82% below the highest close on record up to that date, which was set on 2011-04-29.