Distance from the record
This close sat 43.68% 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 2024, not the current price.See today's silver price (11 September 2026)
Silver closed at $27.36 per troy ounce on 8 May 2024, up $0.058 (0.21%) from the previous close of $27.30.
This close sat 43.68% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $25.64, making this a +6.73% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $27.36 per troy ounce on 8 May 2024. That is $0.06 higher than the previous close of $27.30, a move of 0.21%.
The silver price rose on 8 May 2024, gaining $0.06 (0.21%) against the previous session's close of $27.30.
At $27.36 per troy ounce, one gram of pure silver was worth about $0.88 on 8 May 2024. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.6 on 8 May 2024, meaning one ounce of gold was worth roughly 84.6 ounces of silver.
A week before 8 May 2024, silver was around $26.39 per troy ounce, so the close of $27.36 is a gain of 3.7% over the week.
It closed 43.68% below the highest close on record up to that date, which was set on 2011-04-29.