Distance from the record
This close sat 4.36% below the highest silver close recorded up to that date, set on 2011-03-09.
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This page is a historical record of the silver price in 16 March 2011, not the current price.See today's silver price (11 September 2026)
Silver closed at $34.47 per troy ounce on 16 March 2011, up $0.355 (1.04%) from the previous close of $34.12.
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 4.36% below the highest silver close recorded up to that date, set on 2011-03-09.
Twelve months earlier silver traded around $17.33, making this a +98.87% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $34.47 per troy ounce on 16 March 2011. That is $0.35 higher than the previous close of $34.12, a move of 1.04%.
The silver price rose on 16 March 2011, gaining $0.35 (1.04%) against the previous session's close of $34.12.
At $34.47 per troy ounce, one gram of pure silver was worth about $1.11 on 16 March 2011. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 40.5 on 16 March 2011, meaning one ounce of gold was worth roughly 40.5 ounces of silver.
A week before 16 March 2011, silver was around $36.04 per troy ounce, so the close of $34.47 is a loss of 4.4% over the week.
A month before 16 March 2011, silver was around $30.63 per troy ounce, so the close of $34.47 is a gain of 12.5% over the month.
A year before 16 March 2011, silver was around $17.33 per troy ounce. The close of $34.47 therefore represents a rise of 98.9% over twelve months.
It closed 4.36% below the highest close on record up to that date, which was set on 2011-03-09.