Distance from the record
This close sat 53.73% 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 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 23 June 2023
Silver closed at $22.48 per troy ounce on 16 August 2023, down $0.115 (0.51%) from the previous close of $22.59.
Notable session: lowest close of the month.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 53.73% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $20.07, making this a +12.04% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $22.48 per troy ounce on 16 August 2023. That is $0.11 lower than the previous close of $22.59, a move of -0.51%.
The silver price fell on 16 August 2023, losing $0.11 (0.51%) against the previous session's close of $22.59.
At $22.48 per troy ounce, one gram of pure silver was worth about $0.72 on 16 August 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 84.3 on 16 August 2023, meaning one ounce of gold was worth roughly 84.3 ounces of silver.
A month before 16 August 2023, silver was around $25.01 per troy ounce, so the close of $22.48 is a loss of 10.1% over the month.
A year before 16 August 2023, silver was around $20.07 per troy ounce. The close of $22.48 therefore represents a rise of 12.0% over twelve months.
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 53.73% below the highest close on record up to that date, which was set on 2011-04-29.