Highest so far that month
No earlier session that month closed above this level.
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This page is a historical record of the silver price in 16 October 2006, not the current price.See today's silver price (11 September 2026)
Highest closing price since 8 September 2006
Silver closed at $11.83 per troy ounce on 16 October 2006, up $0.230 (1.98%) from the previous close of $11.60.
This close extended a run of 4 consecutive sessions of gains. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
No earlier session that month closed above this level.
This close sat 20.33% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $7.814, making this a +51.37% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $11.83 per troy ounce on 16 October 2006. That is $0.23 higher than the previous close of $11.60, a move of 1.98%.
The silver price rose on 16 October 2006, gaining $0.23 (1.98%) against the previous session's close of $11.60.
At $11.83 per troy ounce, one gram of pure silver was worth about $0.38 on 16 October 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 50.3 on 16 October 2006, meaning one ounce of gold was worth roughly 50.3 ounces of silver.
A week before 16 October 2006, silver was around $11.33 per troy ounce, so the close of $11.83 is a gain of 4.4% over the week.
A month before 16 October 2006, silver was around $10.76 per troy ounce, so the close of $11.83 is a gain of 9.9% over the month.
A year before 16 October 2006, silver was around $7.81 per troy ounce. The close of $11.83 therefore represents a rise of 51.4% over twelve months.
This close was session 4 of a consecutive run of gains. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 20.33% below the highest close on record up to that date, which was set on 2006-05-11.