Silver Price in October 2006
In October 2006, silver rose 6.7%, from $11.45 at the end of September to $12.21 per troy ounce on October 31, 2006. The highest close was $12.21 on October 31, 2006, the lowest $10.71 on October 4, 2006, and the average over 22 trading days was $11.59. Today's price is 342.4% higher than the October 2006 close.
- Silver rose 6.7% in US dollars in October 2006, leaving it up 38.5% for the year to date.
- Measured in other currencies, the change ranged from +2.1% in ZAR to +7.1% in CAD, because exchange rates moved too.
- It did better than gold (+0.9%) and US stocks (+3.3%).
- It closed higher on 15 trading days and lower on 7, with an average daily move of 1.73%.
- At the end of the month it was 17.7% below its highest close since 2000.
- Gold/silver ratio: 52.3 → 49.5.
Silver price chart, October 2006
US dollars per troy ounce · daily closeSilver in other currencies, October 2006
| Currency | Change in the month |
|---|---|
| CAD | +7.1% |
| PKR | +6.7% |
| CNY | +6.3% |
| EUR | +5.8% |
| JPY | +5.6% |
| MXN | +4.8% |
| INR | +4.6% |
| GBP | +4.6% |
| AUD | +2.7% |
| TRY | +2.6% |
| ZAR | +2.1% |
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, October 2006
| Asset | Change (USD) |
|---|---|
| Silver | +6.7% |
| Gold | +0.9% |
| S&P 500 (with dividends) | +3.3% |
| US inflation (CPI, month) | −0.54% |
| Silver, year to date (end of October) | +38.5% |
| Gold/silver ratio | 52.3 → 49.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, October 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 |
|---|---|---|---|---|---|
| Oct 2Mon | $11.55 | +0.87% | $0.37 | ₹16,975 | AED 1,363.56 |
| Oct 3Tue | $10.96 | −5.15% | $0.35 | ₹16,102 | AED 1,293.32 |
| Oct 4Wed | $10.71 | −2.28% | $0.34 | ₹15,705 | AED 1,263.77 |
| Oct 5Thu | $10.98 | +2.57% | $0.35 | ₹16,095 | AED 1,296.24 |
| Oct 6Fri | $11.09 | +0.96% | $0.36 | ₹16,212 | AED 1,308.67 |
| Oct 9Mon | $11.33 | +2.21% | $0.36 | ₹16,621 | AED 1,337.59 |
| Oct 10Tue | $11.14 | −1.72% | $0.36 | ₹16,350 | AED 1,314.11 |
| Oct 11Wed | $11.25 | +0.99% | $0.36 | ₹16,469 | AED 1,326.98 |
| Oct 12Thu | $11.30 | +0.44% | $0.36 | ₹16,528 | AED 1,333.06 |
| Oct 13Fri | $11.60 | +2.68% | $0.37 | ₹16,871 | AED 1,368.86 |
| Oct 16Mon | $11.83 | +1.98% | $0.38 | ₹17,247 | AED 1,396.38 |
| Oct 17Tue | $11.70 | −1.10% | $0.38 | ₹16,974 | AED 1,381.04 |
| Oct 18Wed | $11.74 | +0.38% | $0.38 | ₹17,069 | AED 1,386.35 |
| Oct 19Thu | $12.09 | +2.91% | $0.39 | ₹17,564 | AED 1,426.73 |
| Oct 20Fri | $11.89 | −1.61% | $0.38 | ₹17,292 | AED 1,403.70 |
| Oct 23Mon | $11.60 | −2.44% | $0.37 | ₹16,905 | AED 1,369.43 |
| Oct 24Tue | $11.78 | +1.55% | $0.38 | ₹17,101 | AED 1,390.68 |
| Oct 25Wed | $11.82 | +0.34% | $0.38 | ₹17,211 | AED 1,395.40 |
| Oct 26Thu | $12.17 | +2.96% | $0.39 | ₹17,674 | AED 1,436.76 |
| Oct 27Fri | $12.02 | −1.27% | $0.39 | ₹17,385 | AED 1,418.46 |
| Oct 30Mon | $12.20 | +1.50% | $0.39 | ₹17,576 | AED 1,439.71 |
| Oct 31Tue | $12.21 | +0.14% | $0.39 | ₹17,603 | AED 1,441.72 |
How October usually goes for silver
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%.
Silver in October 2006: FAQ
What was the price of silver in October 2006?
Silver traded between $10.71 and $12.21 per troy ounce (daily closes) in October 2006, averaging $11.59. It closed the month at $12.21.
How much did silver go up in October 2006?
Silver rose 6.7%, from $11.45 to $12.21. The biggest daily rise was +3.0% on October 26, 2006 and the biggest fall −5.2% on October 3, 2006.
What was the silver price on October 2, 2006?
Silver closed at $11.55 per troy ounce on October 2, 2006, the first trading day of the month. 999 India, ₹ per kg: ₹16,975.
Is October usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in October 2006?
Silver rose 4.6% in Indian rupee terms in October 2006, compared with +6.7% in US dollars.
Did silver beat stocks in October 2006?
Yes. Silver was +6.7% for the month, against +3.3% for the S&P 500 with dividends.
Did silver keep up with inflation in October 2006?
US consumer prices (CPI) changed −0.54% in October, so silver's real (inflation-adjusted) change was about +7.2%.