Distance from the record
This close sat 61.67% 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 31 August 2016, not the current price.See today's silver price (11 September 2026)
Silver closed at $18.62 per troy ounce on 31 August 2016, up $0.045 (0.24%) from the previous close of $18.58.
This close sat 61.67% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $14.58, making this a +27.75% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.62 per troy ounce on 31 August 2016. That is $0.05 higher than the previous close of $18.58, a move of 0.24%.
The silver price rose on 31 August 2016, gaining $0.05 (0.24%) against the previous session's close of $18.58.
At $18.62 per troy ounce, one gram of pure silver was worth about $0.60 on 31 August 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 70.2 on 31 August 2016, meaning one ounce of gold was worth roughly 70.2 ounces of silver.
A month before 31 August 2016, silver was around $20.31 per troy ounce, so the close of $18.62 is a loss of 8.3% over the month.
A year before 31 August 2016, silver was around $14.58 per troy ounce. The close of $18.62 therefore represents a rise of 27.7% over twelve months.
It closed 61.67% below the highest close on record up to that date, which was set on 2011-04-29.