Distance from the record
This close sat 66.58% 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 May 2016, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 14 April 2016
Silver closed at $16.24 per troy ounce on 24 May 2016, down $0.172 (1.05%) from the previous close of $16.41.
This close sat 66.58% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.03, making this a -4.65% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.24 per troy ounce on 24 May 2016. That is $0.17 lower than the previous close of $16.41, a move of -1.05%.
The silver price fell on 24 May 2016, losing $0.17 (1.05%) against the previous session's close of $16.41.
At $16.24 per troy ounce, one gram of pure silver was worth about $0.52 on 24 May 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.7 on 24 May 2016, meaning one ounce of gold was worth roughly 75.7 ounces of silver.
A week before 24 May 2016, silver was around $17.24 per troy ounce, so the close of $16.24 is a loss of 5.8% over the week.
It closed 66.58% below the highest close on record up to that date, which was set on 2011-04-29.