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 7 March 2016, not the current price.See today's silver price (11 September 2026)
Silver closed at $15.62 per troy ounce on 7 March 2016, down $0.058 (0.37%) from the previous close of $15.68.
This was the strongest close of the week up to that point.
This close sat 67.84% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $15.78, making this a -1.02% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $15.62 per troy ounce on 7 March 2016. That is $0.06 lower than the previous close of $15.68, a move of -0.37%.
The silver price fell on 7 March 2016, losing $0.06 (0.37%) against the previous session's close of $15.68.
At $15.62 per troy ounce, one gram of pure silver was worth about $0.50 on 7 March 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.9 on 7 March 2016, meaning one ounce of gold was worth roughly 80.9 ounces of silver.
A week before 7 March 2016, silver was around $14.90 per troy ounce, so the close of $15.62 is a gain of 4.9% over the week.
A month before 7 March 2016, silver was around $14.76 per troy ounce, so the close of $15.62 is a gain of 5.8% over the month.
It closed 67.84% below the highest close on record up to that date, which was set on 2011-04-29.