Distance from the record
This close sat 60.80% 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 28 September 2016, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 16 September 2016
Silver closed at $19.04 per troy ounce on 28 September 2016, down $0.043 (0.23%) from the previous close of $19.09.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 60.80% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $14.54, making this a +30.99% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $19.04 per troy ounce on 28 September 2016. That is $0.04 lower than the previous close of $19.09, a move of -0.23%.
The silver price fell on 28 September 2016, losing $0.04 (0.23%) against the previous session's close of $19.09.
At $19.04 per troy ounce, one gram of pure silver was worth about $0.61 on 28 September 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 69.3 on 28 September 2016, meaning one ounce of gold was worth roughly 69.3 ounces of silver.
A week before 28 September 2016, silver was around $19.69 per troy ounce, so the close of $19.04 is a loss of 3.3% over the week.
A year before 28 September 2016, silver was around $14.54 per troy ounce. The close of $19.04 therefore represents a rise of 31.0% over twelve months.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 60.80% below the highest close on record up to that date, which was set on 2011-04-29.