Distance from the record
This close sat 69.75% 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 16 August 2018, not the current price.See today's silver price (11 September 2026)
Silver closed at $14.70 per troy ounce on 16 August 2018, up $0.276 (1.91%) from the previous close of $14.42.
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 close sat 69.75% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $16.92, making this a -13.12% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $14.70 per troy ounce on 16 August 2018. That is $0.28 higher than the previous close of $14.42, a move of 1.91%.
The silver price rose on 16 August 2018, gaining $0.28 (1.91%) against the previous session's close of $14.42.
At $14.70 per troy ounce, one gram of pure silver was worth about $0.47 on 16 August 2018. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.0 on 16 August 2018, meaning one ounce of gold was worth roughly 80.0 ounces of silver.
A week before 16 August 2018, silver was around $15.42 per troy ounce, so the close of $14.70 is a loss of 4.7% over the week.
A month before 16 August 2018, silver was around $15.73 per troy ounce, so the close of $14.70 is a loss of 6.6% over the month.
A year before 16 August 2018, silver was around $16.92 per troy ounce. The close of $14.70 therefore represents a fall of 13.1% over twelve months.
It closed 69.75% below the highest close on record up to that date, which was set on 2011-04-29.