Highest so far that year
At the time, no session earlier in the year had closed higher.
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This page is a historical record of the silver price in 7 January 2016, not the current price.See today's silver price (11 September 2026)
Highest closing price since 24 December 2015
Silver closed at $14.34 per troy ounce on 7 January 2016, up $0.378 (2.71%) from the previous close of $13.96.
This was a 2.71% move in one session — well beyond a typical day for silver. Moves this size are usually a reaction to something specific rather than ordinary drift, so the surrounding news is worth checking alongside the number.
At the time, no session earlier in the year had closed higher.
This close sat 70.49% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $16.51, making this a -13.17% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $14.34 per troy ounce on 7 January 2016. That is $0.38 higher than the previous close of $13.96, a move of 2.71%.
The silver price rose on 7 January 2016, gaining $0.38 (2.71%) against the previous session's close of $13.96.
At $14.34 per troy ounce, one gram of pure silver was worth about $0.46 on 7 January 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 77.3 on 7 January 2016, meaning one ounce of gold was worth roughly 77.3 ounces of silver.
A week before 7 January 2016, silver was around $13.77 per troy ounce, so the close of $14.34 is a gain of 4.1% over the week.
A year before 7 January 2016, silver was around $16.51 per troy ounce. The close of $14.34 therefore represents a fall of 13.2% over twelve months.
This close was session 3 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 70.49% below the highest close on record up to that date, which was set on 2011-04-29.