Silver Price in September 2016
In September 2016, silver rose 2.8%, from $18.62 at the end of August to $19.14 per troy ounce on September 30, 2016. The highest close was $20.05 on September 6, 2016, the lowest $18.78 on September 16, 2016, and the average over 21 trading days was $19.29. Today's price is 182.2% higher than the September 2016 close.
- Silver rose 2.8% in US dollars in September 2016, leaving it up 38.9% for the year to date.
- Measured in other currencies, the change ranged from −1.1% in ZAR to +5.9% in MXN, because exchange rates moved too.
- It did better than gold (+0.5%) and US stocks (0.0%), and worse than bitcoin (+6.0%).
- It closed higher on 9 trading days and lower on 12, with an average daily move of 1.28%.
- At the end of the month it was 60.6% below its highest close since 2000.
- Gold/silver ratio: 70.2 → 68.6.
Silver price chart, September 2016
US dollars per troy ounce · daily closeSilver in other currencies, September 2016
| Currency | Change in the month |
|---|---|
| MXN | +5.9% |
| TRY | +3.9% |
| GBP | +3.8% |
| CAD | +3.3% |
| CNY | +2.6% |
| PKR | +2.5% |
| INR | +2.3% |
| EUR | +2.2% |
| AUD | +1.4% |
| JPY | +1.1% |
| ZAR | −1.1% |
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, September 2016
| Asset | Change (USD) |
|---|---|
| Silver | +2.8% |
| Gold | +0.5% |
| Bitcoin | +6.0% |
| S&P 500 (with dividends) | 0.0% |
| US inflation (CPI, month) | +0.24% |
| Silver, year to date (end of September) | +38.9% |
| Gold/silver ratio | 70.2 → 68.6 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Thu | $18.86 | +1.26% | $0.61 | ₹40,605 | AED 2,226.27 |
| Sep 2Fri | $19.28 | +2.22% | $0.62 | ₹41,394 | AED 2,275.68 |
| Sep 6Tue | $20.05 | +4.01% | $0.64 | ₹42,839 | AED 2,367.00 |
| Sep 7Wed | $19.76 | −1.45% | $0.64 | ₹42,090 | AED 2,332.76 |
| Sep 8Thu | $19.59 | −0.85% | $0.63 | ₹41,868 | AED 2,312.93 |
| Sep 9Fri | $19.28 | −1.58% | $0.62 | ₹41,194 | AED 2,276.45 |
| Sep 12Mon | $18.92 | −1.90% | $0.61 | ₹40,610 | AED 2,233.12 |
| Sep 13Tue | $18.89 | −0.13% | $0.61 | ₹40,523 | AED 2,230.65 |
| Sep 14Wed | $18.98 | +0.49% | $0.61 | ₹40,886 | AED 2,241.03 |
| Sep 15Thu | $18.96 | −0.12% | $0.61 | ₹40,692 | AED 2,238.31 |
| Sep 16Fri | $18.78 | −0.94% | $0.60 | ₹40,366 | AED 2,217.30 |
| Sep 19Mon | $19.21 | +2.26% | $0.62 | ₹41,412 | AED 2,267.47 |
| Sep 20Tue | $19.20 | −0.06% | $0.62 | ₹41,320 | AED 2,266.67 |
| Sep 21Wed | $19.69 | +2.56% | $0.63 | ₹42,390 | AED 2,324.65 |
| Sep 22Thu | $20.02 | +1.70% | $0.64 | ₹42,971 | AED 2,363.58 |
| Sep 23Fri | $19.73 | −1.43% | $0.63 | ₹42,267 | AED 2,329.63 |
| Sep 26Mon | $19.52 | −1.10% | $0.63 | ₹41,849 | AED 2,304.07 |
| Sep 27Tue | $19.09 | −2.20% | $0.61 | ₹40,874 | AED 2,253.30 |
| Sep 28Wed | $19.04 | −0.23% | $0.61 | ₹40,681 | AED 2,248.35 |
| Sep 29Thu | $19.12 | +0.37% | $0.61 | ₹40,766 | AED 2,256.61 |
| Sep 30Fri | $19.14 | +0.13% | $0.62 | ₹41,114 | AED 2,259.50 |
How September usually goes for silver
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%.
Silver in September 2016: FAQ
What was the price of silver in September 2016?
Silver traded between $18.78 and $20.05 per troy ounce (daily closes) in September 2016, averaging $19.29. It closed the month at $19.14.
How much did silver go up in September 2016?
Silver rose 2.8%, from $18.62 to $19.14. The biggest daily rise was +4.0% on September 6, 2016 and the biggest fall −2.2% on September 27, 2016.
What was the silver price on September 1, 2016?
Silver closed at $18.86 per troy ounce on September 1, 2016, the first trading day of the month. 999 India, ₹ per kg: ₹40,605.
Is September usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in September 2016?
Silver rose 2.3% in Indian rupee terms in September 2016, compared with +2.8% in US dollars.
Did silver beat stocks in September 2016?
Yes. Silver was +2.8% for the month, against 0.0% for the S&P 500 with dividends.
Did silver keep up with inflation in September 2016?
US consumer prices (CPI) changed +0.24% in September, so silver's real (inflation-adjusted) change was about +2.5%.