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Silver ranged between $14.23 and $20.31 per troy ounce during 2016, averaging $17.19 across 11 trading days. It finished the period at $15.94, up 15.69% from $13.77.
The strongest session of 2016 was 1 April 2016 at +15.06%, and the weakest 1 August 2016 at -8.32%.
Twelve months earlier silver traded around $13.77, making this a +15.69% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2016 | $14.23 | +$0.454 |
| 1 February 2016 | $14.90 | +$0.667 |
| 1 March 2016 | $15.46 | +$0.564 |
| 1 April 2016 | $17.79 | +$2.329 |
| 1 June 2016 | $18.58 | +$0.793 |
| 1 July 2016 | $20.31 | +$1.730 |
| 1 August 2016 | $18.62 | −$1.690 |
| 1 September 2016 | $19.14 | +$0.517 |
| 1 October 2016 | $17.76 | −$1.377 |
| 1 November 2016 | $16.41 | −$1.356 |
| 1 December 2016 | $15.94 | −$0.470 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Silver finished 2016 at $15.94 per troy ounce, having risen $2.16 (15.69%) over the year. It has traded between $14.23 and $20.31 across 11 trading days.
The average silver closing price in 2016 was $17.19 per troy ounce, calculated across all 11 trading days in the year.
Silver reached its highest close of 2016 at $20.31 per troy ounce on 1 July 2016.
The lowest silver close in 2016 was $14.23 per troy ounce on 1 January 2016.
Silver rose during 2016. It entered the year at $13.77 and closed at $15.94, a change of 15.69%.
Silver closed higher on 7 sessions and lower on 4 during 2016. The strongest session was 1 April 2016 (+15.06%) and the weakest 1 August 2016 (-8.32%).
Daily closes in 2016 varied with a standard deviation of 7.41% per session, and the peak-to-trough spread across the year was 42.8% ($14.23 to $20.31).
At the 2016 close of $15.94 per troy ounce, silver worked out at about $0.51 per gram and $512.35 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 73.2 through 2016 and finished the year near 72.2. A higher ratio means silver is cheap relative to gold.
Silver was around $13.77 per troy ounce twelve months before the end of 2016. Closing at $15.94 makes that a gain of 15.7% year on year.