Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the silver price in 16 May 2024, not the current price.See today's silver price (11 September 2026)
Highest closing price since 15 February 2013
Silver closed at $29.67 per troy ounce on 16 May 2024, up $0.151 (0.51%) from the previous close of $29.51.
Silver had not closed this high for about 11 years. Reclaiming a level after that long usually says more about the trend than the size of the day's move does.
At the time, no session earlier in the year had closed higher.
This close sat 38.94% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $23.74, making this a +24.97% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $29.67 per troy ounce on 16 May 2024. That is $0.15 higher than the previous close of $29.51, a move of 0.51%.
The silver price rose on 16 May 2024, gaining $0.15 (0.51%) against the previous session's close of $29.51.
At $29.67 per troy ounce, one gram of pure silver was worth about $0.95 on 16 May 2024. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.2 on 16 May 2024, meaning one ounce of gold was worth roughly 80.2 ounces of silver.
A week before 16 May 2024, silver was around $28.13 per troy ounce, so the close of $29.67 is a gain of 5.4% over the week.
A year before 16 May 2024, silver was around $23.74 per troy ounce. The close of $29.67 therefore represents a rise of 25.0% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 38.94% below the highest close on record up to that date, which was set on 2011-04-29.
The most recent higher close was about 11 years earlier — 2801 trading sessions before this one.