Distance from the record
This close sat 17.80% 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 2 August 2006, not the current price.See today's silver price (11 September 2026)
Silver falls 5.4% in a single session
Silver closed at $12.20 per troy ounce on 2 August 2006, down $0.697 (5.40%) from the previous close of $12.90.
Notable session: moved more than 3% in a session.
Silver lost 5.40% 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 17.80% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $7.238, making this a +68.60% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $12.20 per troy ounce on 2 August 2006. That is $0.70 lower than the previous close of $12.90, a move of -5.40%.
The silver price fell on 2 August 2006, losing $0.70 (5.40%) against the previous session's close of $12.90.
At $12.20 per troy ounce, one gram of pure silver was worth about $0.39 on 2 August 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 53.4 on 2 August 2006, meaning one ounce of gold was worth roughly 53.4 ounces of silver.
A week before 2 August 2006, silver was around $11.03 per troy ounce, so the close of $12.20 is a gain of 10.6% over the week.
A month before 2 August 2006, silver was around $10.91 per troy ounce, so the close of $12.20 is a gain of 11.9% over the month.
A year before 2 August 2006, silver was around $7.24 per troy ounce. The close of $12.20 therefore represents a rise of 68.6% over twelve months.
It closed 17.80% below the highest close on record up to that date, which was set on 2006-05-11.