Silver Price in 2006
In 2006, the price of silver averaged $11.55 per troy ounce, up 58.0% from the year before. This page covers the 2006 average, high, low, and year-end close, the events that moved the market, and what that silver would be worth in today's dollars.
2006 Average
$11.55
LBMA annual average, USD/oz
Change vs 2005
+58.0%
from $7.31 in 2005
2006 High
$15.24
from daily trading data
2006 Low
$8.71
from daily trading data
Year-End Close
$12.91
last trading day of 2006
Silver Price Chart, 1996 to 2016
Silver Price by Month in 2006
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 2006 | $9.15 | $9.93 | $8.71 |
| February 2006 | $9.52 | $9.93 | $9.06 |
| March 2006 | $10.43 | $11.93 | $9.67 |
| April 2006 | $12.72 | $14.75 | $11.52 |
| May 2006 | $13.44 | $15.24 | $11.95 |
| June 2006 | $10.77 | $12.58 | $9.46 |
| July 2006 | $11.23 | $11.82 | $10.46 |
| August 2006 | $12.25 | $12.92 | $11.30 |
| September 2006 | $11.61 | $13.28 | $10.29 |
| October 2006 | $11.61 | $12.29 | $10.57 |
| November 2006 | $12.99 | $14.00 | $12.27 |
| December 2006 | $13.23 | $14.19 | $12.29 |
What happened to the silver price in 2006
Silver averaged $11.55 per troy ounce in 2006, surging 58.0% from the $7.31 average of 2005. Annual moves of that size are rare and put 2006 among the most explosive years in the metal's modern history. Daily trading data shows silver moved between a low of $8.71 and a high of $15.24 during the year, ending 2006 at $12.91. The defining story of 2006: Silver ETF (SLV) launches.
The 2000s revived silver as an investment asset. The launch of the SLV exchange-traded fund in 2006 opened the metal to mainstream portfolios, and the financial crisis at the end of the decade rekindled safe-haven demand.
Adjusted for inflation, silver's 2006 average of $11.55 equals about $18 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 2006?
What is a 2006 silver price worth in today's dollars?
What moved the silver price in 2006?
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.