Distance from the record
This close sat 8.65% 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 October 2007, not the current price.See today's silver price (11 September 2026)
Silver closed at $13.56 per troy ounce on 16 October 2007, down $0.195 (1.42%) from the previous close of $13.76.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 8.65% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $11.83, making this a +14.66% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $13.56 per troy ounce on 16 October 2007. That is $0.19 lower than the previous close of $13.76, a move of -1.42%.
The silver price fell on 16 October 2007, losing $0.19 (1.42%) against the previous session's close of $13.76.
At $13.56 per troy ounce, one gram of pure silver was worth about $0.44 on 16 October 2007. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 55.8 on 16 October 2007, meaning one ounce of gold was worth roughly 55.8 ounces of silver.
A month before 16 October 2007, silver was around $12.54 per troy ounce, so the close of $13.56 is a gain of 8.1% over the month.
A year before 16 October 2007, silver was around $11.83 per troy ounce. The close of $13.56 therefore represents a rise of 14.7% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 8.65% below the highest close on record up to that date, which was set on 2006-05-11.