Silver Price in January 2016
In January 2016, silver rose 3.3%, from $13.78 at the end of December to $14.23 per troy ounce on January 29, 2016. The highest close was $14.54 on January 26, 2016, the lowest $13.74 on January 14, 2016, and the average over 19 trading days was $14.07. Today's price is 278.6% higher than the January 2016 close.
- Silver rose 3.3% in US dollars in January 2016.
- Measured in other currencies, the change ranged from +2.0% in JPY to +8.3% in MXN, because exchange rates moved too.
- It did better than bitcoin (−14.4%) and US stocks (−5.0%), and worse than gold (+5.3%).
- It closed higher on 11 trading days and lower on 8, with an average daily move of 1.24%.
- At the end of the month it was 70.7% below its highest close since 2000.
- Gold/silver ratio: 77.0 → 78.5.
Silver price chart, January 2016
US dollars per troy ounce · daily closeSilver in other currencies, January 2016
| Currency | Change in the month |
|---|---|
| MXN | +8.3% |
| ZAR | +7.5% |
| GBP | +6.6% |
| AUD | +6.2% |
| INR | +5.8% |
| TRY | +5.0% |
| CNY | +4.6% |
| CAD | +4.5% |
| EUR | +3.3% |
| PKR | +3.2% |
| JPY | +2.0% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes silver rise more in local terms.
Silver vs other assets, January 2016
| Asset | Change (USD) |
|---|---|
| Silver | +3.3% |
| Gold | +5.3% |
| Bitcoin | −14.4% |
| S&P 500 (with dividends) | −5.0% |
| US inflation (CPI, month) | +0.17% |
| Gold/silver ratio | 77.0 → 78.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, January 2016
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 999 India, ₹ per kg | UAE, AED per kg |
|---|---|---|---|---|---|
| Jan 4Mon | $13.82 | +0.30% | $0.44 | ₹29,405 | AED 1,631.11 |
| Jan 5Tue | $13.95 | +0.96% | $0.45 | ₹29,869 | AED 1,646.83 |
| Jan 6Wed | $13.96 | +0.06% | $0.45 | ₹29,851 | AED 1,647.77 |
| Jan 7Thu | $14.34 | +2.71% | $0.46 | ₹30,752 | AED 1,692.35 |
| Jan 8Fri | $13.91 | −2.98% | $0.45 | ₹29,924 | AED 1,641.77 |
| Jan 11Mon | $13.86 | −0.38% | $0.45 | ₹29,774 | AED 1,635.60 |
| Jan 12Tue | $13.74 | −0.83% | $0.44 | ₹29,506 | AED 1,622.07 |
| Jan 13Wed | $14.15 | +2.95% | $0.45 | ₹30,433 | AED 1,669.88 |
| Jan 14Thu | $13.74 | −2.88% | $0.44 | ₹29,563 | AED 1,621.80 |
| Jan 15Fri | $13.88 | +1.07% | $0.45 | ₹30,043 | AED 1,638.89 |
| Jan 19Tue | $14.11 | +1.63% | $0.45 | ₹30,717 | AED 1,665.70 |
| Jan 20Wed | $14.15 | +0.26% | $0.45 | ₹30,823 | AED 1,670.02 |
| Jan 21Thu | $14.08 | −0.45% | $0.45 | ₹30,766 | AED 1,662.56 |
| Jan 22Fri | $14.04 | −0.28% | $0.45 | ₹30,615 | AED 1,657.66 |
| Jan 25Mon | $14.24 | +1.40% | $0.46 | ₹30,922 | AED 1,681.19 |
| Jan 26Tue | $14.54 | +2.13% | $0.47 | ₹31,676 | AED 1,717.08 |
| Jan 27Wed | $14.44 | −0.72% | $0.46 | ₹31,463 | AED 1,704.66 |
| Jan 28Thu | $14.22 | −1.55% | $0.46 | ₹31,169 | AED 1,678.31 |
| Jan 29Fri | $14.23 | +0.09% | $0.46 | ₹31,151 | AED 1,679.75 |
How January usually goes for silver
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%.
Silver in January 2016: FAQ
What was the price of silver in January 2016?
Silver traded between $13.74 and $14.54 per troy ounce (daily closes) in January 2016, averaging $14.07. It closed the month at $14.23.
How much did silver go up in January 2016?
Silver rose 3.3%, from $13.78 to $14.23. The biggest daily rise was +2.9% on January 13, 2016 and the biggest fall −3.0% on January 8, 2016.
What was the silver price on January 4, 2016?
Silver closed at $13.82 per troy ounce on January 4, 2016, the first trading day of the month. 999 India, ₹ per kg: ₹29,405.
Is January usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in January 2016?
Silver rose 5.8% in Indian rupee terms in January 2016, compared with +3.3% in US dollars.
Did silver beat stocks in January 2016?
Yes. Silver was +3.3% for the month, against −5.0% for the S&P 500 with dividends.
Did silver keep up with inflation in January 2016?
US consumer prices (CPI) changed +0.17% in January, so silver's real (inflation-adjusted) change was about +3.1%.