Distance from the record
This close sat 16.23% 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 18 May 2006, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 1 May 2006
Silver closed at $12.44 per troy ounce on 18 May 2006, down $0.720 (5.47%) from the previous close of $13.16.
Notable session: moved more than 3% in a session.
Silver lost 5.47% 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 16.23% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $7.185, making this a +73.10% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $12.44 per troy ounce on 18 May 2006. That is $0.72 lower than the previous close of $13.16, a move of -5.47%.
The silver price fell on 18 May 2006, losing $0.72 (5.47%) against the previous session's close of $13.16.
At $12.44 per troy ounce, one gram of pure silver was worth about $0.40 on 18 May 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 54.6 on 18 May 2006, meaning one ounce of gold was worth roughly 54.6 ounces of silver.
A week before 18 May 2006, silver was around $14.85 per troy ounce, so the close of $12.44 is a loss of 16.2% over the week.
A month before 18 May 2006, silver was around $13.76 per troy ounce, so the close of $12.44 is a loss of 9.6% over the month.
A year before 18 May 2006, silver was around $7.18 per troy ounce. The close of $12.44 therefore represents a rise of 73.1% over twelve months.
It closed 16.23% below the highest close on record up to that date, which was set on 2006-05-11.