Distance from the record
This close sat 55.57% 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 2023, not the current price.See today's silver price (11 September 2026)
Silver closed at $21.59 per troy ounce on 16 March 2023, down $0.186 (0.85%) from the previous close of $21.77.
This close sat 55.57% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $24.67, making this a -12.49% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $21.59 per troy ounce on 16 March 2023. That is $0.19 lower than the previous close of $21.77, a move of -0.85%.
The silver price fell on 16 March 2023, losing $0.19 (0.85%) against the previous session's close of $21.77.
At $21.59 per troy ounce, one gram of pure silver was worth about $0.69 on 16 March 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 88.9 on 16 March 2023, meaning one ounce of gold was worth roughly 88.9 ounces of silver.
A week before 16 March 2023, silver was around $20.02 per troy ounce, so the close of $21.59 is a gain of 7.8% over the week.
A year before 16 March 2023, silver was around $24.67 per troy ounce. The close of $21.59 therefore represents a fall of 12.5% over twelve months.
It closed 55.57% below the highest close on record up to that date, which was set on 2011-04-29.