Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the silver price in 16 February 2024, not the current price.See today's silver price (11 September 2026)
Highest closing price since 2 January 2024
Silver closed at $23.44 per troy ounce on 16 February 2024, up $0.527 (2.30%) from the previous close of $22.91.
Notable session: highest close of the month.
This was a 2.30% move in one session — well beyond a typical day for silver. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
No earlier session that month closed above this level.
This close sat 51.76% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $21.68, making this a +8.09% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.44 per troy ounce on 16 February 2024. That is $0.53 higher than the previous close of $22.91, a move of 2.30%.
The silver price rose on 16 February 2024, gaining $0.53 (2.30%) against the previous session's close of $22.91.
At $23.44 per troy ounce, one gram of pure silver was worth about $0.75 on 16 February 2024. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 85.8 on 16 February 2024, meaning one ounce of gold was worth roughly 85.8 ounces of silver.
A week before 16 February 2024, silver was around $22.53 per troy ounce, so the close of $23.44 is a gain of 4.0% over the week.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 51.76% below the highest close on record up to that date, which was set on 2011-04-29.