Distance from the record
This close sat 19.35% 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 17 August 2006, not the current price.See today's silver price (11 September 2026)
Silver closed at $11.97 per troy ounce on 17 August 2006, down $0.286 (2.33%) from the previous close of $12.26.
Silver lost 2.33% 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 19.35% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $6.985, making this a +71.41% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $11.97 per troy ounce on 17 August 2006. That is $0.29 lower than the previous close of $12.26, a move of -2.33%.
The silver price fell on 17 August 2006, losing $0.29 (2.33%) against the previous session's close of $12.26.
At $11.97 per troy ounce, one gram of pure silver was worth about $0.38 on 17 August 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.4 on 17 August 2006, meaning one ounce of gold was worth roughly 51.4 ounces of silver.
A month before 17 August 2006, silver was around $11.01 per troy ounce, so the close of $11.97 is a gain of 8.7% over the month.
A year before 17 August 2006, silver was around $6.99 per troy ounce. The close of $11.97 therefore represents a rise of 71.4% over twelve months.
It closed 19.35% below the highest close on record up to that date, which was set on 2006-05-11.