Distance from the record
This close sat 68.69% 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 March 2016, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 3 March 2016
Silver closed at $15.21 per troy ounce on 16 March 2016, down $0.041 (0.27%) from the previous close of $15.26.
This close extended a run of 3 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 68.69% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $15.60, making this a -2.48% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $15.21 per troy ounce on 16 March 2016. That is $0.04 lower than the previous close of $15.26, a move of -0.27%.
The silver price fell on 16 March 2016, losing $0.04 (0.27%) against the previous session's close of $15.26.
At $15.21 per troy ounce, one gram of pure silver was worth about $0.49 on 16 March 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.8 on 16 March 2016, meaning one ounce of gold was worth roughly 80.8 ounces of silver.
This close was session 3 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 68.69% below the highest close on record up to that date, which was set on 2011-04-29.