Disclosed is display element which is constituted of simple members, can be driven at a relatively low voltage, exhibits high display contrast and white display reflectance, and can achieve a high display speed, comprising an electrolyte layer between opposed electrodes, and the electrolyte layer containing silver or a compound including silver in the chemical structure, wherein the opposed electrodes are driven so that the silver is dissolved or deposited and the electrolyte layer contains a mercapto compound having a sulfonamido group or a carbamido group in the molecule.