Distance from the record
This close sat 13.49% below the highest silver close recorded up to that date, set on 2006-05-11.
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This page is a historical record of the silver price in 16 May 2007, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 14 March 2007
Silver closed at $12.84 per troy ounce on 16 May 2007, down $0.383 (2.90%) from the previous close of $13.23.
Silver lost 2.90% 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 13.49% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $13.45, making this a -4.53% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $12.84 per troy ounce on 16 May 2007. That is $0.38 lower than the previous close of $13.23, a move of -2.90%.
The silver price fell on 16 May 2007, losing $0.38 (2.90%) against the previous session's close of $13.23.
At $12.84 per troy ounce, one gram of pure silver was worth about $0.41 on 16 May 2007. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.4 on 16 May 2007, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A week before 16 May 2007, silver was around $13.36 per troy ounce, so the close of $12.84 is a loss of 3.9% over the week.
A month before 16 May 2007, silver was around $14.05 per troy ounce, so the close of $12.84 is a loss of 8.6% over the month.
It closed 13.49% below the highest close on record up to that date, which was set on 2006-05-11.