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 2 August 2016, not the current price.See today's silver price (11 September 2026)
Highest closing price since 23 July 2014
Silver closed at $20.67 per troy ounce on 2 August 2016, up $0.354 (1.74%) from the previous close of $20.31.
Notable session: highest close of the year; highest close of the month.
Silver had not closed this high for about 2 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 57.46% below the highest silver close recorded up to that date, set on 2011-04-29.
One of the ten highest silver closes of that year, ranking 1 of 249 sessions.
Twelve months earlier silver traded around $14.75, making this a +40.15% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $20.67 per troy ounce on 2 August 2016. That is $0.35 higher than the previous close of $20.31, a move of 1.74%.
The silver price rose on 2 August 2016, gaining $0.35 (1.74%) against the previous session's close of $20.31.
At $20.67 per troy ounce, one gram of pure silver was worth about $0.66 on 2 August 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 66.0 on 2 August 2016, meaning one ounce of gold was worth roughly 66.0 ounces of silver.
A week before 2 August 2016, silver was around $19.66 per troy ounce, so the close of $20.67 is a gain of 5.1% over the week.
A year before 2 August 2016, silver was around $14.75 per troy ounce. The close of $20.67 therefore represents a rise of 40.1% over twelve months.
This close was session 5 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 57.46% below the highest close on record up to that date, which was set on 2011-04-29.
The most recent higher close was about 2 years earlier — 507 trading sessions before this one.