Distance from the record
This close sat 18.28% below the highest silver close recorded up to that date, set on 2008-03-05.
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This page is a historical record of the silver price in 16 May 2008, not the current price.See today's silver price (11 September 2026)
Silver closed at $16.90 per troy ounce on 16 May 2008, up $0.277 (1.67%) from the previous close of $16.63.
This close sat 18.28% below the highest silver close recorded up to that date, set on 2008-03-05.
Twelve months earlier silver traded around $12.84, making this a +31.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.90 per troy ounce on 16 May 2008. That is $0.28 higher than the previous close of $16.63, a move of 1.67%.
The silver price rose on 16 May 2008, gaining $0.28 (1.67%) against the previous session's close of $16.63.
At $16.90 per troy ounce, one gram of pure silver was worth about $0.54 on 16 May 2008. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.2 on 16 May 2008, meaning one ounce of gold was worth roughly 53.2 ounces of silver.
A month before 16 May 2008, silver was around $18.31 per troy ounce, so the close of $16.90 is a loss of 7.7% over the month.
A year before 16 May 2008, silver was around $12.84 per troy ounce. The close of $16.90 therefore represents a rise of 31.6% over twelve months.
It closed 18.28% below the highest close on record up to that date, which was set on 2008-03-05.