Distance from the record
This close sat 66.19% 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 March 2018, not the current price.See today's silver price (11 September 2026)
Silver closed at $16.43 per troy ounce on 7 March 2018, down $0.287 (1.72%) from the previous close of $16.72.
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 66.19% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $17.49, making this a -6.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $16.43 per troy ounce on 7 March 2018. That is $0.29 lower than the previous close of $16.72, a move of -1.72%.
The silver price fell on 7 March 2018, losing $0.29 (1.72%) against the previous session's close of $16.72.
At $16.43 per troy ounce, one gram of pure silver was worth about $0.53 on 7 March 2018. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 80.7 on 7 March 2018, meaning one ounce of gold was worth roughly 80.7 ounces of silver.
It closed 66.19% below the highest close on record up to that date, which was set on 2011-04-29.