Silver Price in March 2016
In March 2016, silver rose 3.8%, from $14.90 at the end of February to $15.46 per troy ounce on March 31, 2016. The highest close was $16.02 on March 17, 2016, the lowest $14.73 on March 1, 2016, and the average over 22 trading days was $15.42. Today's price is 250.8% higher than the March 2016 close.
- Silver rose 3.8% in US dollars in March 2016, leaving it up 12.2% for the year to date.
- Measured in other currencies, the change ranged from −4.2% in ZAR to +3.0% in PKR, because exchange rates moved too.
- It did better than gold (0.0%) and bitcoin (−4.8%), and worse than US stocks (+6.8%).
- It closed higher on 11 trading days and lower on 11, with an average daily move of 1.24%.
- At the end of the month it was 68.2% below its highest close since 2000.
- Gold/silver ratio: 82.8 → 79.8.
Silver price chart, March 2016
US dollars per troy ounce · daily closeSilver in other currencies, March 2016
| Currency | Change in the month |
|---|---|
| PKR | +3.0% |
| JPY | +2.6% |
| CNY | +2.6% |
| INR | +0.2% |
| GBP | +0.1% |
| EUR | 0.0% |
| CAD | −0.6% |
| MXN | −1.2% |
| TRY | −1.6% |
| AUD | −3.4% |
| ZAR | −4.2% |
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, March 2016
| Asset | Change (USD) |
|---|---|
| Silver | +3.8% |
| Gold | 0.0% |
| Bitcoin | −4.8% |
| S&P 500 (with dividends) | +6.8% |
| US inflation (CPI, month) | +0.43% |
| Silver, year to date (end of March) | +12.2% |
| Gold/silver ratio | 82.8 → 79.8 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, March 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 |
|---|---|---|---|---|---|
| Mar 1Tue | $14.73 | −1.09% | $0.47 | ₹32,313 | AED 1,739.39 |
| Mar 2Wed | $15.00 | +1.83% | $0.48 | ₹32,678 | AED 1,771.22 |
| Mar 3Thu | $15.13 | +0.85% | $0.49 | ₹32,782 | AED 1,786.33 |
| Mar 4Fri | $15.68 | +3.63% | $0.50 | ₹33,851 | AED 1,851.26 |
| Mar 7Mon | $15.62 | −0.37% | $0.50 | ₹33,618 | AED 1,844.46 |
| Mar 8Tue | $15.38 | −1.53% | $0.49 | ₹33,161 | AED 1,816.15 |
| Mar 9Wed | $15.36 | −0.19% | $0.49 | ₹33,252 | AED 1,812.77 |
| Mar 10Thu | $15.55 | +1.24% | $0.50 | ₹33,560 | AED 1,835.27 |
| Mar 11Fri | $15.61 | +0.39% | $0.50 | ₹33,774 | AED 1,842.52 |
| Mar 14Mon | $15.52 | −0.57% | $0.50 | ₹33,384 | AED 1,832.02 |
| Mar 15Tue | $15.26 | −1.69% | $0.49 | ₹32,946 | AED 1,801.02 |
| Mar 16Wed | $15.21 | −0.27% | $0.49 | ₹32,948 | AED 1,796.08 |
| Mar 17Thu | $16.02 | +5.31% | $0.52 | ₹34,425 | AED 1,891.47 |
| Mar 18Fri | $15.81 | −1.35% | $0.51 | ₹33,851 | AED 1,865.92 |
| Mar 21Mon | $15.84 | +0.22% | $0.51 | ₹33,805 | AED 1,870.15 |
| Mar 22Tue | $15.88 | +0.23% | $0.51 | ₹33,956 | AED 1,874.35 |
| Mar 23Wed | $15.26 | −3.87% | $0.49 | ₹32,762 | AED 1,801.86 |
| Mar 24Thu | $15.19 | −0.47% | $0.49 | ₹32,675 | AED 1,793.36 |
| Mar 28Mon | $15.19 | +0.02% | $0.49 | ₹32,684 | AED 1,794.21 |
| Mar 29Tue | $15.24 | +0.28% | $0.49 | ₹32,776 | AED 1,798.79 |
| Mar 30Wed | $15.21 | −0.20% | $0.49 | ₹32,446 | AED 1,795.09 |
| Mar 31Thu | $15.46 | +1.67% | $0.50 | ₹32,988 | AED 1,825.17 |
How March usually goes for silver
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%.
Silver in March 2016: FAQ
What was the price of silver in March 2016?
Silver traded between $14.73 and $16.02 per troy ounce (daily closes) in March 2016, averaging $15.42. It closed the month at $15.46.
How much did silver go up in March 2016?
Silver rose 3.8%, from $14.90 to $15.46. The biggest daily rise was +5.3% on March 17, 2016 and the biggest fall −3.9% on March 23, 2016.
What was the silver price on March 1, 2016?
Silver closed at $14.73 per troy ounce on March 1, 2016, the first trading day of the month. 999 India, ₹ per kg: ₹32,313.
Is March usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in March 2016?
Silver rose 0.2% in Indian rupee terms in March 2016, compared with +3.8% in US dollars.
Did silver beat stocks in March 2016?
No. Silver was +3.8% for the month, against +6.8% for the S&P 500 with dividends.
Did silver keep up with inflation in March 2016?
US consumer prices (CPI) changed +0.43% in March, so silver's real (inflation-adjusted) change was about +3.3%.