Distance from the record
This close sat 59.25% 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 7 July 2016, not the current price.See today's silver price (11 September 2026)
Silver closed at $19.80 per troy ounce on 7 July 2016, down $0.362 (1.80%) from the previous close of $20.16.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 59.25% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $14.95, making this a +32.43% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $19.80 per troy ounce on 7 July 2016. That is $0.36 lower than the previous close of $20.16, a move of -1.80%.
The silver price fell on 7 July 2016, losing $0.36 (1.80%) against the previous session's close of $20.16.
At $19.80 per troy ounce, one gram of pure silver was worth about $0.64 on 7 July 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 68.7 on 7 July 2016, meaning one ounce of gold was worth roughly 68.7 ounces of silver.
A week before 7 July 2016, silver was around $18.58 per troy ounce, so the close of $19.80 is a gain of 6.5% over the week.
A month before 7 July 2016, silver was around $16.38 per troy ounce, so the close of $19.80 is a gain of 20.9% over the month.
A year before 7 July 2016, silver was around $14.95 per troy ounce. The close of $19.80 therefore represents a rise of 32.4% over twelve months.
It closed 59.25% below the highest close on record up to that date, which was set on 2011-04-29.