Distance from the record
This close sat 10.44% below the highest silver close recorded up to that date, set on 2006-03-01.
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This page is a historical record of the silver price in 16 March 2006, not the current price.See today's silver price (11 September 2026)
Silver closed at $10.28 per troy ounce on 16 March 2006, down $0.006 (0.06%) from the previous close of $10.29.
Silver barely moved, closing within 0.06% of the previous session. Flat days are the majority of any price series and are most useful as the baseline the notable days are measured against.
This close sat 10.44% below the highest silver close recorded up to that date, set on 2006-03-01.
Twelve months earlier silver traded around $7.425, making this a +38.46% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $10.28 per troy ounce on 16 March 2006. That is $0.01 lower than the previous close of $10.29, a move of -0.06%.
The silver price fell on 16 March 2006, losing $0.01 (0.06%) against the previous session's close of $10.29.
At $10.28 per troy ounce, one gram of pure silver was worth about $0.33 on 16 March 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.9 on 16 March 2006, meaning one ounce of gold was worth roughly 53.9 ounces of silver.
A week before 16 March 2006, silver was around $9.90 per troy ounce, so the close of $10.28 is a gain of 3.8% over the week.
A month before 16 March 2006, silver was around $9.36 per troy ounce, so the close of $10.28 is a gain of 9.9% over the month.
A year before 16 March 2006, silver was around $7.43 per troy ounce. The close of $10.28 therefore represents a rise of 38.5% over twelve months.
It closed 10.44% below the highest close on record up to that date, which was set on 2006-03-01.