Distance from the record
This close sat 39.46% 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 May 2012, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 9 January 2012
Silver closed at $29.41 per troy ounce on 8 May 2012, down $0.658 (2.19%) from the previous close of $30.07.
Silver lost 2.19% 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 39.46% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $35.28, making this a -16.63% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $29.41 per troy ounce on 8 May 2012. That is $0.66 lower than the previous close of $30.07, a move of -2.19%.
The silver price fell on 8 May 2012, losing $0.66 (2.19%) against the previous session's close of $30.07.
At $29.41 per troy ounce, one gram of pure silver was worth about $0.95 on 8 May 2012. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 54.5 on 8 May 2012, meaning one ounce of gold was worth roughly 54.5 ounces of silver.
A week before 8 May 2012, silver was around $30.96 per troy ounce, so the close of $29.41 is a loss of 5.0% over the week.
A month before 8 May 2012, silver was around $31.72 per troy ounce, so the close of $29.41 is a loss of 7.3% over the month.
A year before 8 May 2012, silver was around $35.28 per troy ounce. The close of $29.41 therefore represents a fall of 16.6% over twelve months.
It closed 39.46% below the highest close on record up to that date, which was set on 2011-04-29.