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 November 2016, not the current price.See today's silver price (11 September 2026)
Silver closed at $18.12 per troy ounce on 7 November 2016, down $0.218 (1.19%) from the previous close of $18.34.
This close extended a run of 3 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This was the strongest close of the week up to that point.
This close sat 62.70% below the highest silver close recorded up to that date, set on 2011-04-29.
Twelve months earlier silver traded around $14.70, making this a +23.33% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $18.12 per troy ounce on 7 November 2016. That is $0.22 lower than the previous close of $18.34, a move of -1.19%.
The silver price fell on 7 November 2016, losing $0.22 (1.19%) against the previous session's close of $18.34.
At $18.12 per troy ounce, one gram of pure silver was worth about $0.58 on 7 November 2016. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 70.5 on 7 November 2016, meaning one ounce of gold was worth roughly 70.5 ounces of silver.
A week before 7 November 2016, silver was around $17.76 per troy ounce, so the close of $18.12 is a gain of 2.0% over the week.
A year before 7 November 2016, silver was around $14.70 per troy ounce. The close of $18.12 therefore represents a rise of 23.3% over twelve months.
This close was session 3 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 62.70% below the highest close on record up to that date, which was set on 2011-04-29.