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Silver Price in 2016

In 2016, the price of silver averaged $17.14 per troy ounce, up 9.3% from the year before. This page covers the 2016 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.

2016 Average

$17.14

LBMA annual average, USD/oz

Change vs 2015

+9.3%

from $15.68 in 2015

2016 High

$21.15

from daily trading data

2016 Low

$13.75

from daily trading data

Year-End Close

$15.94

last trading day of 2016

What happened to the silver price in 2016

Silver averaged $17.14 per troy ounce in 2016, up 9.3% from $15.68 the year before. Daily trading data shows silver moved between a low of $13.75 and a high of $21.15 during the year, ending 2016 at $15.94. The notable development of 2016: Brexit vote.

The 2010s began with a spectacular run to $49.51 in April 2011, just shy of the 1980 record, before a long grind lower through mid-decade as the Fed tightened policy and the dollar strengthened.

Adjusted for inflation, silver's 2016 average of $17.14 equals about $23 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.

Frequently Asked Questions

What was the price of silver in 2016?
Silver averaged $17.14 per troy ounce in 2016, based on LBMA annual average data. Daily prices ranged from a low of $13.75 to a high of $21.15, and the year closed at $15.94. That average was up 9.3% from $15.68 in 2015.
What is a 2016 silver price worth in today's dollars?
Adjusted with the US Consumer Price Index, silver's 2016 average of $17.14 works out to roughly $23 in today's dollars, using 2025 as the CPI base year. The conversion uses BLS CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
What moved the silver price in 2016?
The defining story of 2016: Brexit vote. Against that backdrop, the annual average climbed 9.3%, from $15.68 in 2015 to $17.14.

Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.