Distance from the record
This close sat 4.72% below the highest silver close recorded up to that date, set on 2006-05-11.
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This page is a historical record of the silver price in 12 May 2006, not the current price.See today's silver price (11 September 2026)
Silver falls 4.7% in a single session
Silver closed at $14.15 per troy ounce on 12 May 2006, down $0.700 (4.72%) from the previous close of $14.85.
Notable session: moved more than 3% in a session.
Silver lost 4.72% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 4.72% below the highest silver close recorded up to that date, set on 2006-05-11.
One of the ten highest silver closes of that year, ranking 5 of 245 sessions.
Twelve months earlier silver traded around $6.948, making this a +103.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $14.15 per troy ounce on 12 May 2006. That is $0.70 lower than the previous close of $14.85, a move of -4.72%.
The silver price fell on 12 May 2006, losing $0.70 (4.72%) against the previous session's close of $14.85.
At $14.15 per troy ounce, one gram of pure silver was worth about $0.45 on 12 May 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 50.2 on 12 May 2006, meaning one ounce of gold was worth roughly 50.2 ounces of silver.
A week before 12 May 2006, silver was around $13.79 per troy ounce, so the close of $14.15 is a gain of 2.6% over the week.
A month before 12 May 2006, silver was around $12.64 per troy ounce, so the close of $14.15 is a gain of 11.9% over the month.
A year before 12 May 2006, silver was around $6.95 per troy ounce. The close of $14.15 therefore represents a rise of 103.6% over twelve months.
It closed 4.72% below the highest close on record up to that date, which was set on 2006-05-11.