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

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?

Silver averaged $11.55 per troy ounce in 2006, based on LBMA annual average data. Daily prices ranged from a low of $8.71 to a high of $15.24, and the year closed at $12.91. That average was up 58.0% from $7.31 in 2005.

What is a 2006 silver price worth in today's dollars?

Adjusted with the US Consumer Price Index, silver's 2006 average of $11.55 works out to roughly $18 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 2006?

The defining story of 2006: Silver ETF (SLV) launches. Against that backdrop, the annual average climbed 58.0%, from $7.31 in 2005 to $11.55.

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.