Distance from the record
This close sat 66.24% 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 May 2018, not the current price.See today's silver price (11 September 2026)
Silver closed at $16.40 per troy ounce on 31 May 2018, down $0.077 (0.47%) from the previous close of $16.48.
This close sat 66.24% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.37, making this a -5.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.40 per troy ounce on 31 May 2018. That is $0.08 lower than the previous close of $16.48, a move of -0.47%.
The silver price fell on 31 May 2018, losing $0.08 (0.47%) against the previous session's close of $16.48.
At $16.40 per troy ounce, one gram of pure silver was worth about $0.53 on 31 May 2018. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 79.3 on 31 May 2018, meaning one ounce of gold was worth roughly 79.3 ounces of silver.
It closed 66.24% below the highest close on record up to that date, which was set on 2011-04-29.