Distance from the record
This close sat 51.14% 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 May 2023, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 29 March 2023
Silver closed at $23.74 per troy ounce on 16 May 2023, down $0.390 (1.62%) from the previous close of $24.13.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 51.14% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $21.53, making this a +10.23% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $23.74 per troy ounce on 16 May 2023. That is $0.39 lower than the previous close of $24.13, a move of -1.62%.
The silver price fell on 16 May 2023, losing $0.39 (1.62%) against the previous session's close of $24.13.
At $23.74 per troy ounce, one gram of pure silver was worth about $0.76 on 16 May 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 83.8 on 16 May 2023, meaning one ounce of gold was worth roughly 83.8 ounces of silver.
A week before 16 May 2023, silver was around $25.70 per troy ounce, so the close of $23.74 is a loss of 7.6% over the week.
A month before 16 May 2023, silver was around $25.42 per troy ounce, so the close of $23.74 is a loss of 6.6% over the month.
It closed 51.14% below the highest close on record up to that date, which was set on 2011-04-29.