Distance from the record
This close sat 15.14% 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 November 2006, not the current price.See today's silver price (11 September 2026)
Silver falls 9.5% in a single session
Silver closed at $12.60 per troy ounce on 2 November 2006, down $1.327 (9.53%) from the previous close of $13.93.
Notable session: moved more than 3% in a session.
Silver lost 9.53% 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 15.14% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $7.532, making this a +67.26% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $12.60 per troy ounce on 2 November 2006. That is $1.33 lower than the previous close of $13.93, a move of -9.53%.
The silver price fell on 2 November 2006, losing $1.33 (9.53%) against the previous session's close of $13.93.
At $12.60 per troy ounce, one gram of pure silver was worth about $0.41 on 2 November 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 49.6 on 2 November 2006, meaning one ounce of gold was worth roughly 49.6 ounces of silver.
A week before 2 November 2006, silver was around $12.17 per troy ounce, so the close of $12.60 is a gain of 3.5% over the week.
A month before 2 November 2006, silver was around $11.55 per troy ounce, so the close of $12.60 is a gain of 9.1% over the month.
A year before 2 November 2006, silver was around $7.53 per troy ounce. The close of $12.60 therefore represents a rise of 67.3% over twelve months.
It closed 15.14% below the highest close on record up to that date, which was set on 2006-05-11.