Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the silver price in 16 May 2016, not the current price.See today's silver price (11 September 2026)
Silver closed at $17.14 per troy ounce on 16 May 2016, up $0.027 (0.16%) from the previous close of $17.11.
This was the strongest close of the week up to that point.
This close sat 64.72% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.55, making this a -2.30% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $17.14 per troy ounce on 16 May 2016. That is $0.03 higher than the previous close of $17.11, a move of 0.16%.
The silver price rose on 16 May 2016, gaining $0.03 (0.16%) against the previous session's close of $17.11.
At $17.14 per troy ounce, one gram of pure silver was worth about $0.55 on 16 May 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 74.3 on 16 May 2016, meaning one ounce of gold was worth roughly 74.3 ounces of silver.
A month before 16 May 2016, silver was around $16.31 per troy ounce, so the close of $17.14 is a gain of 5.1% over the month.
It closed 64.72% below the highest close on record up to that date, which was set on 2011-04-29.