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
Silver Price Chart, 2005 to 2025
Silver Price by Month in 2016
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2016 | $14.08 | $14.57 | $13.75 |
| February 2016 | $15.12 | $15.96 | $14.20 |
| March 2016 | $15.42 | $16.14 | $14.73 |
| April 2016 | $16.31 | $17.96 | $14.79 |
| May 2016 | $16.85 | $18.01 | $15.91 |
| June 2016 | $17.25 | $18.81 | $15.82 |
| July 2016 | $20.02 | $21.15 | $18.71 |
| August 2016 | $19.52 | $20.78 | $18.40 |
| September 2016 | $19.32 | $20.14 | $18.60 |
| October 2016 | $17.66 | $19.32 | $17.10 |
| November 2016 | $17.32 | $19.01 | $16.17 |
| December 2016 | $16.39 | $17.23 | $15.63 |
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?
What is a 2016 silver price worth in today's dollars?
What moved the silver price in 2016?
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.