Distance from the record
This close sat 61.83% 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 24 August 2016, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 29 June 2016
Silver closed at $18.55 per troy ounce on 24 August 2016, down $0.365 (1.93%) from the previous close of $18.91.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 61.83% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $14.76, making this a +25.63% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.55 per troy ounce on 24 August 2016. That is $0.36 lower than the previous close of $18.91, a move of -1.93%.
The silver price fell on 24 August 2016, losing $0.36 (1.93%) against the previous session's close of $18.91.
At $18.55 per troy ounce, one gram of pure silver was worth about $0.60 on 24 August 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 71.4 on 24 August 2016, meaning one ounce of gold was worth roughly 71.4 ounces of silver.
A week before 24 August 2016, silver was around $19.63 per troy ounce, so the close of $18.55 is a loss of 5.5% over the week.
A month before 24 August 2016, silver was around $19.66 per troy ounce, so the close of $18.55 is a loss of 5.7% over the month.
A year before 24 August 2016, silver was around $14.76 per troy ounce. The close of $18.55 therefore represents a rise of 25.6% over twelve months.
It closed 61.83% below the highest close on record up to that date, which was set on 2011-04-29.