Distance from the record
This close sat 22.77% below the highest silver close recorded up to that date, set on 2006-05-11.
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This page is a historical record of the silver price in 16 August 2007, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 12 October 2006
Silver closed at $11.47 per troy ounce on 16 August 2007, down $1.053 (8.41%) from the previous close of $12.52.
Notable session: lowest close of the year; lowest close of the month; moved more than 3% in a session.
Silver lost 8.41% 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 22.77% below the highest silver close recorded up to that date, set on 2006-05-11.
One of the ten lowest silver closes of that year, ranking 250 of 250 sessions.
Twelve months earlier silver traded around $12.26, making this a -6.48% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $11.47 per troy ounce on 16 August 2007. That is $1.05 lower than the previous close of $12.52, a move of -8.41%.
The silver price fell on 16 August 2007, losing $1.05 (8.41%) against the previous session's close of $12.52.
At $11.47 per troy ounce, one gram of pure silver was worth about $0.37 on 16 August 2007. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 56.5 on 16 August 2007, meaning one ounce of gold was worth roughly 56.5 ounces of silver.
A week before 16 August 2007, silver was around $12.65 per troy ounce, so the close of $11.47 is a loss of 9.4% over the week.
A month before 16 August 2007, silver was around $12.97 per troy ounce, so the close of $11.47 is a loss of 11.6% over the month.
This close was session 4 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 22.77% below the highest close on record up to that date, which was set on 2006-05-11.