Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the silver price in 16 August 2005, not the current price.See today's silver price (11 September 2026)
Silver closed at $7.033 per troy ounce on 16 August 2005, up $0.080 (1.15%) from the previous close of $6.953.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This was the strongest close of the week up to that point.
This close sat 14.35% below the highest silver close recorded up to that date, set on 2004-04-06.
Twelve months earlier silver traded around $6.730, making this a +4.50% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $7.03 per troy ounce on 16 August 2005. That is $0.08 higher than the previous close of $6.95, a move of 1.15%.
The silver price rose on 16 August 2005, gaining $0.08 (1.15%) against the previous session's close of $6.95.
At $7.03 per troy ounce, one gram of pure silver was worth about $0.23 on 16 August 2005. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 63.4 on 16 August 2005, meaning one ounce of gold was worth roughly 63.4 ounces of silver.
It closed 14.35% below the highest close on record up to that date, which was set on 2004-04-06.