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Silver Price in 2016

The silver price rose 14.9% in 2016, from $13.84 at the end of 2015 to $15.90. Its highest close was $20.62 on Aug 2, and its lowest $13.74 on Jan 12. The biggest one-day fall was −6.6% on Nov 11 and the biggest rise +5.6% on Jul 1. Adjusted for inflation, it gained 12.6%.

Daily COMEX prices, the year in 12 currencies and festival prices: Silver Price in 2016 →

Change in 2016
+14.9%
$13.84 → $15.90
High
$20.62
Aug 2
Low
$13.74
Jan 12
After inflation
+12.6%
US CPI
Up days
136 of 260
longest run 5 up, 5 down
Below record
-67.8%
at the end of 2016

Silver Price, daily closes 2016

Numbers mark the events below
$14$17$20JanFebMarAprMayJunJulAugSepOctNovDec1Jun 23: UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in.2Jul 1: Biggest one-day rise of the year: +5.6%.3Nov 8: Donald Trump wins the US presidential election.4Nov 11: Biggest one-day fall of the year: −6.6%.5Nov 23: Enters a bear market: 20% below its peak of $20.62 (August 2, 2016).

Key Events in 2016

What happened, and how the Silver moved — on the day (or the next trading day) and about a month later.

  1. 1
    Thursday, June 23
    UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. Source
    Silver: −1.3% that day · +14.4% a month later
  2. 2
    Friday, July 1 From the data
    Biggest one-day rise of the year: +5.6%.
  3. 3
    Tuesday, November 8
    Donald Trump wins the US presidential election. Source
    Silver: +0.9% that day · −8.1% a month later
  4. 4
    Friday, November 11 From the data
    Biggest one-day fall of the year: −6.6%.
  5. 5
    Wednesday, November 23 From the data
    Enters a bear market: 20% below its peak of $20.62 (August 2, 2016).

Biggest days of 2016

Best daysWorst days
Jul 1+5.6%Nov 11−6.6%
Apr 19+4.3%Oct 4−5.4%
Jun 24+4.1%Dec 15−5.2%
Jun 8+3.9%Mar 23−3.9%
Jul 27+3.7%Aug 5−3.2%

Volatility: 24.7% (annualised standard deviation of daily changes).

Month by month

MonthCloseChangeHighLow
Jan$14.24+2.9%$14.48$13.74
Feb$14.87+4.4%$15.75$14.29
Mar$15.43+3.8%$15.87$14.77
Apr$17.81+15.4%$17.81$14.88
May$15.95−10.4%$17.54$15.95
Jun$18.71+17.3%$18.71$15.92
Jul$20.30+8.5%$20.32$19.40
Aug$18.61−8.3%$20.62$18.51
Sep$19.15+2.9%$20.05$18.77
Oct$17.87−6.7%$18.80$17.30
Nov$16.48−7.8%$18.58$16.27
Dec$15.90−3.5%$17.09$15.71

Other Markets in 2016

Change over the calendar year.

MarketChangeYear-end
Silver Price+14.9%$15.90
Dow Jones Industrial Average in 2016+13.4%19,762.60
S&P 500 in 2016+9.5%2,238.83
Nasdaq Composite in 2016+7.8%5,440.17
Russell 2000 in 2016+19.5%1,357.13
Gold in 2016+8.5%$1,150.90
US 10-year Treasury yield in 2016+0.18 pp2.45%
20102011201220132014201520162017

Silver Price in 2016: FAQ

How much did the silver price rise in 2016?

The silver price rose 14.9% in 2016, from $13.84 at the end of 2015 to $15.90. Its highest close was $20.62 on Aug 2, and its lowest $13.74 on Jan 12. The biggest one-day fall was −6.6% on Nov 11 and the biggest rise +5.6% on Jul 1. Adjusted for inflation, it gained 12.6%.

What were the highest and lowest closes of the silver price in 2016?

Highest: $20.62 on August 2, 2016. Lowest: $13.74 on January 12, 2016. It closed higher on 136 of 260 trading days.

What happened to the silver price on June 23, 2016?

UK votes 51.9% to 48.1% to leave the EU; sterling falls to its lowest level since 1985 as results come in. The silver price fell 1.3% that day, and was +14.4% a month later.

Data: London silver fix from 1968 to Jan 2018 (gaps filled with Perth Mint spot), COMEX silver futures closes after that. Inflation: US CPI-U. Events marked "From the data" are found automatically from the closing prices; the others are researched, with the source linked. Not investment advice.