Silver Price in 2016
In 2016, silver rose 15.7%, closing the year at $15.94 per troy ounce, compared with $13.78 at the end of 2015. The highest close was $20.67 on August 2, 2016 and the lowest $13.74 on January 14, 2016; the average for the year was $17.13. Today's price is 261.0% above the 2016 close.
Silver price chart, 2016
USD per troy ounce · daily closeMonthly Silver Prices in 2016
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $14.23 | $14.54 | $13.74 | +3.3% |
| February | $14.90 | $15.79 | $14.28 | +4.7% |
| March | $15.46 | $16.02 | $14.73 | +3.8% |
| April | $17.79 | $17.79 | $14.94 | +15.1% |
| May | $15.97 | $17.66 | $15.97 | −10.2% |
| June | $18.58 | $18.58 | $15.91 | +16.3% |
| July | $20.31 | $20.37 | $19.54 | +9.3% |
| August | $18.62 | $20.67 | $18.48 | −8.3% |
| September | $19.14 | $20.05 | $18.78 | +2.8% |
| October | $17.76 | $18.80 | $17.29 | −7.2% |
| November | $16.41 | $18.72 | $16.38 | −7.6% |
| December | $15.94 | $17.20 | $15.70 | −2.9% |
Silver in 2016 at a Glance
- Silver rose 15.7% in US dollars. In GBP terms it rose 39.5%, and in ZAR terms it rose 1.1% — the difference comes from currency moves.
- It did better than Gold (+8.5%) and S&P 500 (with dividends) (+12.0%).
- It did worse than Bitcoin (+123.8%).
- After US inflation of 2.1%, the real change was +13.3%.
- In the futures market, managed money (speculators) went from net long 7,139 to net long 39,216 contracts.
Key Events in 2016
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Thursday, June 23UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. SourceSilver: +0.2% that day · +13.6% a month later
- Tuesday, November 8Donald Trump wins the US presidential election. SourceSilver: +1.1% that day · −6.1% a month later
Silver in 2016: records, milestones and the London price chart →
Silver in other currencies, 2016
| Currency | Change |
|---|---|
| GBP | +39.5% |
| TRY | +39.4% |
| MXN | +38.8% |
| CNY | +24.0% |
| EUR | +19.6% |
| INR | +18.3% |
| AUD | +16.5% |
| PKR | +15.1% |
| CAD | +12.4% |
| JPY | +11.7% |
| ZAR | +1.1% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes silver rise more in local terms.
Silver vs other assets, 2016
| Asset | Change (USD) |
|---|---|
| Gold | +8.5% |
| Bitcoin | +123.8% |
| S&P 500 (with dividends) | +12.0% |
| US inflation (CPI) | +2.1% |
Silver Price on Festivals in 2016
| Festival | Date | Price |
|---|---|---|
| Gudi Padwa | Fri 8 Apr | ₹33,025 ₹/kg |
| Akshaya Tritiya | Mon 9 May | ₹36,548 ₹/kg |
| Navratri | Sat 1 Oct | ₹41,114 ₹/kg |
| Dussehra | Tue 11 Oct | ₹37,313 ₹/kg |
| Dhanteras | Fri 28 Oct | ₹38,206 ₹/kg |
| Diwali | Sun 30 Oct | ₹38,206 ₹/kg |
International price converted at that day's rate, before local taxes and making charges.
Futures positioning: managed money (speculators) held a net long position of 39,216 contracts on 27 Dec 2016, against net long 7,139 a year earlier. COT report →
Silver in 2016: FAQ
What was the price of silver in 2016?
Silver traded between $13.74 and $20.67 per troy ounce in 2016 (daily closes), averaging $17.13. It closed the year at $15.94.
How much did silver go up in 2016?
Silver rose 15.7% in 2016, from $13.78 to $15.94 per ounce.
What was the highest silver price in 2016?
The highest daily close in 2016 was $20.67 per troy ounce on August 2, 2016.
What was the best month for silver in 2016?
June (+16.3%). The weakest was May (−10.2%).
How much did silver rise in rupees in 2016?
Silver rose 18.3% in Indian rupee terms in 2016, compared with +15.7% in US dollars.
Did silver beat the stock market in 2016?
Yes. Silver was +15.7% for the year, against +12.0% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2016?
Of the key events listed on this page, the biggest one-day reaction was on 8 November: Donald Trump wins the US presidential election. Silver moved +1.1% that day.
Daily closing prices of COMEX front-month silver futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV (free to use with a link to this site).