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 October 2023, not the current price.See today's silver price (11 September 2026)
Silver closed at $22.61 per troy ounce on 16 October 2023, down $0.117 (0.51%) from the previous close of $22.73.
This was the strongest close of the week up to that point.
This close sat 53.46% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $18.01, making this a +25.51% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $22.61 per troy ounce on 16 October 2023. That is $0.12 lower than the previous close of $22.73, a move of -0.51%.
The silver price fell on 16 October 2023, losing $0.12 (0.51%) against the previous session's close of $22.73.
At $22.61 per troy ounce, one gram of pure silver was worth about $0.73 on 16 October 2023. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 85.0 on 16 October 2023, meaning one ounce of gold was worth roughly 85.0 ounces of silver.
A week before 16 October 2023, silver was around $21.74 per troy ounce, so the close of $22.61 is a gain of 4.0% over the week.
A year before 16 October 2023, silver was around $18.01 per troy ounce. The close of $22.61 therefore represents a rise of 25.5% over twelve months.
It closed 53.46% below the highest close on record up to that date, which was set on 2011-04-29.