Distance from the record
This close sat 49.84% 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 October 2020, not the current price.See today's silver price (11 September 2026)
Silver closed at $24.37 per troy ounce on 16 October 2020, up $0.176 (0.73%) from the previous close of $24.19.
This close sat 49.84% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.35, making this a +40.45% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $24.37 per troy ounce on 16 October 2020. That is $0.18 higher than the previous close of $24.19, a move of 0.73%.
The silver price rose on 16 October 2020, gaining $0.18 (0.73%) against the previous session's close of $24.19.
At $24.37 per troy ounce, one gram of pure silver was worth about $0.78 on 16 October 2020. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 78.0 on 16 October 2020, meaning one ounce of gold was worth roughly 78.0 ounces of silver.
A week before 16 October 2020, silver was around $25.07 per troy ounce, so the close of $24.37 is a loss of 2.8% over the week.
A month before 16 October 2020, silver was around $27.35 per troy ounce, so the close of $24.37 is a loss of 10.9% over the month.
A year before 16 October 2020, silver was around $17.35 per troy ounce. The close of $24.37 therefore represents a rise of 40.4% over twelve months.
It closed 49.84% below the highest close on record up to that date, which was set on 2011-04-29.