Silver Price in January 2006
In January 2006, silver rose 11.7%, from $8.82 at the end of December to $9.85 per troy ounce on January 31, 2006. The highest close was $9.85 on January 31, 2006, the lowest $8.81 on January 5, 2006, and the average over 20 trading days was $9.18. Today's price is 448.1% higher than the January 2006 close.
- Silver rose 11.7% in US dollars in January 2006.
- Measured in other currencies, the change ranged from +6.8% in ZAR to +11.9% in PKR, because exchange rates moved too.
- It did better than gold (+10.4%) and US stocks (+2.6%).
- It closed higher on 14 trading days and lower on 5, with an average daily move of 1.70%.
- Gold/silver ratio: 58.6 → 57.9.
Silver price chart, January 2006
US dollars per troy ounce · daily closeSilver in other currencies, January 2006
| Currency | Change in the month |
|---|---|
| PKR | +11.9% |
| CNY | +11.6% |
| JPY | +11.0% |
| MXN | +9.7% |
| CAD | +9.5% |
| TRY | +9.4% |
| INR | +9.0% |
| EUR | +8.8% |
| GBP | +8.0% |
| ZAR | +6.8% |
Price in each currency at each day's exchange rate, previous month-end to this month-end. A weaker currency makes silver rise more in local terms.
Silver vs other assets, January 2006
| Asset | Change (USD) |
|---|---|
| Silver | +11.7% |
| Gold | +10.4% |
| S&P 500 (with dividends) | +2.6% |
| US inflation (CPI, month) | +0.76% |
| Gold/silver ratio | 58.6 → 57.9 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, January 2006
Closing price for every trading day, with the same price in INR and AED at that day's exchange rate.
| Date | Close (USD per oz) | Change | USD per gram | 999 India, ₹ per kg | UAE, AED per kg |
|---|---|---|---|---|---|
| Jan 3Tue | $9.09 | +3.03% | $0.29 | ₹13,106 | AED 1,072.73 |
| Jan 4Wed | $9.10 | +0.17% | $0.29 | ₹13,075 | AED 1,074.47 |
| Jan 5Thu | $8.81 | −3.22% | $0.28 | ₹12,651 | AED 1,039.88 |
| Jan 6Fri | $9.11 | +3.44% | $0.29 | ₹12,975 | AED 1,075.97 |
| Jan 9Mon | $9.22 | +1.21% | $0.30 | ₹13,123 | AED 1,088.67 |
| Jan 10Tue | $8.96 | −2.87% | $0.29 | ₹12,723 | AED 1,057.38 |
| Jan 11Wed | $9.01 | +0.56% | $0.29 | ₹12,718 | AED 1,063.60 |
| Jan 12Thu | $9.01 | 0.00% | $0.29 | ₹12,724 | AED 1,063.23 |
| Jan 13Fri | $9.11 | +1.17% | $0.29 | ₹12,911 | AED 1,075.97 |
| Jan 17Tue | $9.02 | −1.01% | $0.29 | ₹12,818 | AED 1,064.76 |
| Jan 18Wed | $8.82 | −2.22% | $0.28 | ₹12,559 | AED 1,041.15 |
| Jan 19Thu | $9.06 | +2.70% | $0.29 | ₹12,860 | AED 1,069.28 |
| Jan 20Fri | $8.88 | −1.97% | $0.29 | ₹12,605 | AED 1,048.58 |
| Jan 23Mon | $9.03 | +1.64% | $0.29 | ₹12,789 | AED 1,065.47 |
| Jan 24Tue | $9.18 | +1.74% | $0.30 | ₹13,041 | AED 1,084.06 |
| Jan 25Wed | $9.47 | +3.07% | $0.30 | ₹13,396 | AED 1,117.35 |
| Jan 26Thu | $9.56 | +1.05% | $0.31 | ₹13,526 | AED 1,129.35 |
| Jan 27Fri | $9.57 | +0.02% | $0.31 | ₹13,512 | AED 1,129.34 |
| Jan 30Mon | $9.74 | +1.82% | $0.31 | ₹13,785 | AED 1,149.82 |
| Jan 31Tue | $9.85 | +1.13% | $0.32 | ₹13,902 | AED 1,162.80 |
How January usually goes for silver
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%.
Silver in January 2006: FAQ
What was the price of silver in January 2006?
Silver traded between $8.81 and $9.85 per troy ounce (daily closes) in January 2006, averaging $9.18. It closed the month at $9.85.
How much did silver go up in January 2006?
Silver rose 11.7%, from $8.82 to $9.85. The biggest daily rise was +3.4% on January 6, 2006 and the biggest fall −3.2% on January 5, 2006.
What was the silver price on January 3, 2006?
Silver closed at $9.09 per troy ounce on January 3, 2006, the first trading day of the month. 999 India, ₹ per kg: ₹13,106.
Is January usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in January 14 times out of 20, with an average move of +4.3% and a median of +3.6%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in January 2006?
Silver rose 9.0% in Indian rupee terms in January 2006, compared with +11.7% in US dollars.
Did silver beat stocks in January 2006?
Yes. Silver was +11.7% for the month, against +2.6% for the S&P 500 with dividends.
Did silver keep up with inflation in January 2006?
US consumer prices (CPI) changed +0.76% in January, so silver's real (inflation-adjusted) change was about +10.8%.