Distance from the record
This close sat 66.65% below the highest silver close recorded up to that date, set on 2011-04-29.
Loading…
This page is a historical record of the silver price in 16 March 2018, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 9 February 2018
Silver closed at $16.20 per troy ounce on 16 March 2018, down $0.151 (0.92%) from the previous close of $16.35.
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 66.65% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.30, making this a -6.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.20 per troy ounce on 16 March 2018. That is $0.15 lower than the previous close of $16.35, a move of -0.92%.
The silver price fell on 16 March 2018, losing $0.15 (0.92%) against the previous session's close of $16.35.
At $16.20 per troy ounce, one gram of pure silver was worth about $0.52 on 16 March 2018. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.9 on 16 March 2018, meaning one ounce of gold was worth roughly 80.9 ounces of silver.
A week before 16 March 2018, silver was around $16.55 per troy ounce, so the close of $16.20 is a loss of 2.1% over the week.
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 66.65% below the highest close on record up to that date, which was set on 2011-04-29.