Silver Price in November 2016
In November 2016, silver fell 7.6%, from $17.76 at the end of October to $16.41 per troy ounce on November 30, 2016. The highest close was $18.72 on November 10, 2016, the lowest $16.38 on November 23, 2016, and the average over 20 trading days was $17.36. Today's price is 229.3% higher than the November 2016 close.
- Silver fell 7.6% in US dollars in November 2016, leaving it up 19.1% for the year to date.
- Measured in other currencies, the change ranged from −9.7% in GBP to +1.4% in TRY, because exchange rates moved too.
- It did better than gold (−7.9%), and worse than bitcoin (+6.4%) and US stocks (+3.7%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 1.51%.
- At the end of the month it was 66.2% below its highest close since 2000.
- Gold/silver ratio: 71.6 → 71.4.
Silver price chart, November 2016
US dollars per troy ounce · daily closeSilver in other currencies, November 2016
| Currency | Change in the month |
|---|---|
| TRY | +1.4% |
| MXN | +0.7% |
| JPY | −0.7% |
| EUR | −4.7% |
| INR | −5.1% |
| CNY | −6.1% |
| AUD | −6.2% |
| ZAR | −7.0% |
| CAD | −7.4% |
| PKR | −7.5% |
| GBP | −9.7% |
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, November 2016
| Asset | Change (USD) |
|---|---|
| Silver | −7.6% |
| Gold | −7.9% |
| Bitcoin | +6.4% |
| S&P 500 (with dividends) | +3.7% |
| US inflation (CPI, month) | −0.16% |
| Silver, year to date (end of November) | +19.1% |
| Gold/silver ratio | 71.6 → 71.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in November 2016
- Tuesday, November 8Donald Trump wins the US presidential election. SourceSilver: +1.1% that day
Daily Silver Prices, November 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 |
|---|---|---|---|---|---|
| Nov 1Tue | $18.39 | +3.51% | $0.59 | ₹39,405 | AED 2,170.49 |
| Nov 2Wed | $18.66 | +1.50% | $0.60 | ₹40,003 | AED 2,203.01 |
| Nov 3Thu | $18.38 | −1.48% | $0.59 | ₹39,467 | AED 2,170.25 |
| Nov 4Fri | $18.34 | −0.22% | $0.59 | ₹39,324 | AED 2,165.41 |
| Nov 7Mon | $18.12 | −1.19% | $0.58 | ₹38,916 | AED 2,140.20 |
| Nov 8Tue | $18.33 | +1.14% | $0.59 | ₹39,328 | AED 2,163.99 |
| Nov 9Wed | $18.36 | +0.15% | $0.59 | ₹39,088 | AED 2,167.18 |
| Nov 10Thu | $18.72 | +1.96% | $0.60 | ₹40,020 | AED 2,209.56 |
| Nov 14Mon | $16.88 | −9.83% | $0.54 | ₹36,651 | AED 1,992.51 |
| Nov 15Tue | $17.03 | +0.90% | $0.55 | ₹37,107 | AED 2,010.46 |
| Nov 16Wed | $16.91 | −0.68% | $0.54 | ₹36,841 | AED 1,996.88 |
| Nov 17Thu | $16.76 | −0.90% | $0.54 | ₹36,634 | AED 1,978.82 |
| Nov 18Fri | $16.61 | −0.88% | $0.53 | ₹36,307 | AED 1,961.29 |
| Nov 21Mon | $16.51 | −0.61% | $0.53 | ₹36,190 | AED 1,949.37 |
| Nov 22Tue | $16.62 | +0.67% | $0.53 | ₹36,457 | AED 1,962.52 |
| Nov 23Wed | $16.38 | −1.44% | $0.53 | ₹36,020 | AED 1,934.19 |
| Nov 25Fri | $16.46 | +0.49% | $0.53 | ₹36,389 | AED 1,944.18 |
| Nov 28Mon | $16.58 | +0.69% | $0.53 | ₹36,515 | AED 1,957.21 |
| Nov 29Tue | $16.66 | +0.50% | $0.54 | ₹36,723 | AED 1,966.96 |
| Nov 30Wed | $16.41 | −1.53% | $0.53 | ₹36,188 | AED 1,936.85 |
How November usually goes for silver
In the 20 years from 2006 to 2025, silver rose in November 8 times out of 20, with an average move of +1.5% and a median of −2.2%.
Silver in November 2016: FAQ
What was the price of silver in November 2016?
Silver traded between $16.38 and $18.72 per troy ounce (daily closes) in November 2016, averaging $17.36. It closed the month at $16.41.
How much did silver go down in November 2016?
Silver fell 7.6%, from $17.76 to $16.41. The biggest daily rise was +3.5% on November 1, 2016 and the biggest fall −9.8% on November 14, 2016.
What was the silver price on November 1, 2016?
Silver closed at $18.39 per troy ounce on November 1, 2016, the first trading day of the month. 999 India, ₹ per kg: ₹39,405.
Is November usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in November 8 times out of 20, with an average move of +1.5% and a median of −2.2%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in November 2016?
Silver fell 5.1% in Indian rupee terms in November 2016, compared with −7.6% in US dollars.
Did silver beat stocks in November 2016?
No. Silver was −7.6% for the month, against +3.7% for the S&P 500 with dividends.
Did silver keep up with inflation in November 2016?
US consumer prices (CPI) changed −0.16% in November, so silver's real (inflation-adjusted) change was about −7.5%.