Distance from the record
This close sat 61.34% 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 September 2016, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 31 August 2016
Silver closed at $18.78 per troy ounce on 16 September 2016, down $0.178 (0.94%) from the previous close of $18.96.
Notable session: lowest close of the month.
This close sat 61.34% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $14.88, making this a +26.23% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.78 per troy ounce on 16 September 2016. That is $0.18 lower than the previous close of $18.96, a move of -0.94%.
The silver price fell on 16 September 2016, losing $0.18 (0.94%) against the previous session's close of $18.96.
At $18.78 per troy ounce, one gram of pure silver was worth about $0.60 on 16 September 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 69.5 on 16 September 2016, meaning one ounce of gold was worth roughly 69.5 ounces of silver.
A week before 16 September 2016, silver was around $19.28 per troy ounce, so the close of $18.78 is a loss of 2.6% over the week.
A month before 16 September 2016, silver was around $19.85 per troy ounce, so the close of $18.78 is a loss of 5.4% over the month.
A year before 16 September 2016, silver was around $14.88 per troy ounce. The close of $18.78 therefore represents a rise of 26.2% over twelve months.
It closed 61.34% below the highest close on record up to that date, which was set on 2011-04-29.