Distance from the record
This close sat 16.49% below the highest silver close recorded up to that date, set on 2006-05-11.
Loading…
This page is a historical record of the silver price in 31 May 2006, not the current price.See today's silver price (11 September 2026)
Silver falls 4.7% in a single session
Silver closed at $12.40 per troy ounce on 31 May 2006, down $0.615 (4.73%) from the previous close of $13.01.
Notable session: moved more than 3% in a session.
Silver lost 4.73% 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 16.49% below the highest silver close recorded up to that date, set on 2006-05-11.
Twelve months earlier silver traded around $7.444, making this a +66.55% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $12.40 per troy ounce on 31 May 2006. That is $0.61 lower than the previous close of $13.01, a move of -4.73%.
The silver price fell on 31 May 2006, losing $0.61 (4.73%) against the previous session's close of $13.01.
At $12.40 per troy ounce, one gram of pure silver was worth about $0.40 on 31 May 2006. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 51.8 on 31 May 2006, meaning one ounce of gold was worth roughly 51.8 ounces of silver.
A year before 31 May 2006, silver was around $7.44 per troy ounce. The close of $12.40 therefore represents a rise of 66.6% over twelve months.
It closed 16.49% below the highest close on record up to that date, which was set on 2006-05-11.