Silver Price in May 2016
In May 2016, silver fell 10.2%, from $17.79 at the end of April to $15.97 per troy ounce on May 31, 2016. The highest close was $17.66 on May 2, 2016, the lowest $15.97 on May 31, 2016, and the average over 21 trading days was $16.90. Today's price is 239.6% higher than the May 2016 close.
- Silver fell 10.2% in US dollars in May 2016, leaving it up 15.9% for the year to date.
- Measured in other currencies, the change ranged from −11.3% in PKR to −0.7% in ZAR, because exchange rates moved too.
- It did worse than gold (−5.8%), bitcoin (+18.5%) and US stocks (+1.8%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 0.92%.
- At the end of the month it was 67.1% below its highest close since 2000.
- Gold/silver ratio: 72.5 → 76.1.
Silver price chart, May 2016
US dollars per troy ounce · daily closeSilver in other currencies, May 2016
| Currency | Change in the month |
|---|---|
| ZAR | −0.7% |
| MXN | −3.5% |
| AUD | −4.7% |
| TRY | −5.7% |
| CAD | −6.7% |
| JPY | −7.9% |
| EUR | −8.5% |
| CNY | −8.7% |
| INR | −9.3% |
| GBP | −10.4% |
| PKR | −11.3% |
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, May 2016
| Asset | Change (USD) |
|---|---|
| Silver | −10.2% |
| Gold | −5.8% |
| Bitcoin | +18.5% |
| S&P 500 (with dividends) | +1.8% |
| US inflation (CPI, month) | +0.40% |
| Silver, year to date (end of May) | +15.9% |
| Gold/silver ratio | 72.5 → 76.1 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, May 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 |
|---|---|---|---|---|---|
| May 2Mon | $17.66 | −0.75% | $0.57 | ₹37,702 | AED 2,084.37 |
| May 3Tue | $17.47 | −1.03% | $0.56 | ₹37,287 | AED 2,062.99 |
| May 4Wed | $17.28 | −1.13% | $0.56 | ₹36,990 | AED 2,039.74 |
| May 5Thu | $17.30 | +0.14% | $0.56 | ₹37,059 | AED 2,042.69 |
| May 6Fri | $17.51 | +1.18% | $0.56 | ₹37,488 | AED 2,066.78 |
| May 9Mon | $17.07 | −2.50% | $0.55 | ₹36,548 | AED 2,015.30 |
| May 10Tue | $17.08 | +0.03% | $0.55 | ₹36,628 | AED 2,015.89 |
| May 11Wed | $17.30 | +1.33% | $0.56 | ₹37,084 | AED 2,042.69 |
| May 12Thu | $17.09 | −1.24% | $0.55 | ₹36,582 | AED 2,017.30 |
| May 13Fri | $17.12 | +0.16% | $0.55 | ₹36,730 | AED 2,021.00 |
| May 16Mon | $17.14 | +0.16% | $0.55 | ₹36,870 | AED 2,023.74 |
| May 17Tue | $17.24 | +0.54% | $0.55 | ₹37,057 | AED 2,034.78 |
| May 18Wed | $17.12 | −0.67% | $0.55 | ₹36,806 | AED 2,021.20 |
| May 19Thu | $16.48 | −3.74% | $0.53 | ₹35,582 | AED 1,945.52 |
| May 20Fri | $16.52 | +0.24% | $0.53 | ₹35,837 | AED 1,950.67 |
| May 23Mon | $16.41 | −0.66% | $0.53 | ₹35,572 | AED 1,937.38 |
| May 24Tue | $16.24 | −1.05% | $0.52 | ₹35,212 | AED 1,917.07 |
| May 25Wed | $16.26 | +0.10% | $0.52 | ₹35,355 | AED 1,919.08 |
| May 26Thu | $16.34 | +0.51% | $0.53 | ₹35,353 | AED 1,928.88 |
| May 27Fri | $16.25 | −0.56% | $0.52 | ₹34,971 | AED 1,918.02 |
| May 31Tue | $15.97 | −1.69% | $0.51 | ₹34,474 | AED 1,885.67 |
How May usually goes for silver
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%.
Silver in May 2016: FAQ
What was the price of silver in May 2016?
Silver traded between $15.97 and $17.66 per troy ounce (daily closes) in May 2016, averaging $16.90. It closed the month at $15.97.
How much did silver go down in May 2016?
Silver fell 10.2%, from $17.79 to $15.97. The biggest daily rise was +1.3% on May 11, 2016 and the biggest fall −3.7% on May 19, 2016.
What was the silver price on May 2, 2016?
Silver closed at $17.66 per troy ounce on May 2, 2016, the first trading day of the month. 999 India, ₹ per kg: ₹37,702.
Is May usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in May 9 times out of 20, with an average move of +0.3% and a median of −0.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in May 2016?
Silver fell 9.3% in Indian rupee terms in May 2016, compared with −10.2% in US dollars.
Did silver beat stocks in May 2016?
No. Silver was −10.2% for the month, against +1.8% for the S&P 500 with dividends.
Did silver keep up with inflation in May 2016?
US consumer prices (CPI) changed +0.40% in May, so silver's real (inflation-adjusted) change was about −10.6%.