Distance from the record
This close sat 3.17% below the highest silver close recorded up to that date, set on 2008-01-14.
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This page is a historical record of the silver price in 16 January 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $15.81 per troy ounce on 16 January 2008, down $0.398 (2.46%) from the previous close of $16.20.
Silver lost 2.46% 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 3.17% below the highest silver close recorded up to that date, set on 2008-01-14.
Twelve months earlier silver traded around $12.54, making this a +26.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $15.81 per troy ounce on 16 January 2008. That is $0.40 lower than the previous close of $16.20, a move of -2.46%.
The silver price fell on 16 January 2008, losing $0.40 (2.46%) against the previous session's close of $16.20.
At $15.81 per troy ounce, one gram of pure silver was worth about $0.51 on 16 January 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 55.7 on 16 January 2008, meaning one ounce of gold was worth roughly 55.7 ounces of silver.
A month before 16 January 2008, silver was around $13.83 per troy ounce, so the close of $15.81 is a gain of 14.3% over the month.
A year before 16 January 2008, silver was around $12.54 per troy ounce. The close of $15.81 therefore represents a rise of 26.1% over twelve months.
It closed 3.17% below the highest close on record up to that date, which was set on 2008-01-14.