Distance from the record
This close sat 66.29% 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 June 2016, not the current price.See today's silver price (11 September 2026)
Silver closed at $16.38 per troy ounce on 7 June 2016, down $0.051 (0.31%) from the previous close of $16.43.
This close sat 66.29% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $15.97, making this a +2.54% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.38 per troy ounce on 7 June 2016. That is $0.05 lower than the previous close of $16.43, a move of -0.31%.
The silver price fell on 7 June 2016, losing $0.05 (0.31%) against the previous session's close of $16.43.
At $16.38 per troy ounce, one gram of pure silver was worth about $0.53 on 7 June 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 76.0 on 7 June 2016, meaning one ounce of gold was worth roughly 76.0 ounces of silver.
A week before 7 June 2016, silver was around $15.97 per troy ounce, so the close of $16.38 is a gain of 2.5% over the week.
A month before 7 June 2016, silver was around $17.51 per troy ounce, so the close of $16.38 is a loss of 6.5% over the month.
It closed 66.29% below the highest close on record up to that date, which was set on 2011-04-29.