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This page is a historical record of the silver price in May 2016, not the current price.See today's silver price (11 September 2026)
Silver ranged between $15.97 and $17.66 per troy ounce during May 2016, averaging $16.90 across 21 trading days. It finished the period at $15.97, down 10.21% from $17.79.
The strongest session of May 2016 was 11 May 2016 at +1.33%, and the weakest 19 May 2016 at -3.74%.
Twelve months earlier silver traded around $16.68, making this a -4.27% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 2 May 2016 | $17.66 | −$0.133 |
| 3 May 2016 | $17.47 | −$0.182 |
| 4 May 2016 | $17.28 | −$0.197 |
| 5 May 2016 | $17.30 | +$0.025 |
| 6 May 2016 | $17.51 | +$0.205 |
| 9 May 2016 | $17.07 | −$0.437 |
| 10 May 2016 | $17.08 | +$0.005 |
| 11 May 2016 | $17.30 | +$0.227 |
| 12 May 2016 | $17.09 | −$0.215 |
| 13 May 2016 | $17.11 | +$0.028 |
| 16 May 2016 | $17.14 | +$0.027 |
| 17 May 2016 | $17.24 | +$0.093 |
| 18 May 2016 | $17.12 | −$0.115 |
| 19 May 2016 | $16.48 | −$0.641 |
| 20 May 2016 | $16.52 | +$0.040 |
| 23 May 2016 | $16.41 | −$0.109 |
| 24 May 2016 | $16.24 | −$0.172 |
| 25 May 2016 | $16.25 | +$0.017 |
| 26 May 2016 | $16.34 | +$0.083 |
| 27 May 2016 | $16.25 | −$0.092 |
| 31 May 2016 | $15.97 | −$0.274 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Silver finished May 2016 at $15.97 per troy ounce, having fallen $1.82 (10.21%) over the month. It has traded between $15.97 and $17.66 across 21 trading days.
The average silver closing price in May 2016 was $16.90 per troy ounce, calculated across all 21 trading days in the month.
Silver reached its highest close of May 2016 at $17.66 per troy ounce on 2 May 2016.
The lowest silver close in May 2016 was $15.97 per troy ounce on 31 May 2016.
Silver fell during May 2016. It entered the month at $17.79 and closed at $15.97, a change of -10.21%.
Silver closed higher on 10 sessions and lower on 11 during May 2016. The strongest session was 11 May 2016 (+1.33%) and the weakest 19 May 2016 (-3.74%).
Daily closes in May 2016 varied with a standard deviation of 1.19% per session, and the peak-to-trough spread across the month was 10.5% ($15.97 to $17.66).
At the May 2016 close of $15.97 per troy ounce, silver worked out at about $0.51 per gram and $513.51 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 74.6 through May 2016 and finished the month near 76.1. A higher ratio means silver is cheap relative to gold.
Silver was around $16.68 per troy ounce twelve months before the end of May 2016. Closing at $15.97 makes that a decline of 4.3% year on year.