Highest so far that week
This was the strongest close of the week up to that point.
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This page is a historical record of the silver price in 31 May 2016, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 8 April 2016
Silver closed at $15.97 per troy ounce on 31 May 2016, down $0.274 (1.69%) from the previous close of $16.25.
Notable session: lowest close of the month.
This was the strongest close of the week up to that point.
This close sat 67.12% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $16.68, making this a -4.27% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $15.97 per troy ounce on 31 May 2016. That is $0.27 lower than the previous close of $16.25, a move of -1.69%.
The silver price fell on 31 May 2016, losing $0.27 (1.69%) against the previous session's close of $16.25.
At $15.97 per troy ounce, one gram of pure silver was worth about $0.51 on 31 May 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 76.1 on 31 May 2016, meaning one ounce of gold was worth roughly 76.1 ounces of silver.
A month before 31 May 2016, silver was around $17.79 per troy ounce, so the close of $15.97 is a loss of 10.2% over the month.
It closed 67.12% below the highest close on record up to that date, which was set on 2011-04-29.