Silver Price in September 2006
In September 2006, silver fell 11.2%, from $12.90 at the end of August to $11.45 per troy ounce on September 29, 2006. The highest close was $13.07 on September 6, 2006, the lowest $10.76 on September 15, 2006, and the average over 21 trading days was $11.63. Today's price is 368.8% higher than the September 2006 close.
- Silver fell 11.2% in US dollars in September 2006, leaving it up 29.8% for the year to date.
- Measured in other currencies, the change ranged from −12.7% in INR to −5.1% in ZAR, because exchange rates moved too.
- It did worse than gold (−4.4%) and US stocks (+2.6%).
- It closed higher on 12 trading days and lower on 9, with an average daily move of 1.81%.
- At the end of the month it was 22.9% below its highest close since 2000.
- Gold/silver ratio: 48.5 → 52.3.
Silver price chart, September 2006
US dollars per troy ounce · daily closeSilver in other currencies, September 2006
| Currency | Change in the month |
|---|---|
| ZAR | −5.1% |
| TRY | −8.7% |
| AUD | −9.2% |
| GBP | −9.8% |
| EUR | −10.2% |
| CAD | −10.2% |
| JPY | −10.8% |
| PKR | −10.8% |
| MXN | −11.0% |
| CNY | −11.8% |
| INR | −12.7% |
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, September 2006
| Asset | Change (USD) |
|---|---|
| Silver | −11.2% |
| Gold | −4.4% |
| S&P 500 (with dividends) | +2.6% |
| US inflation (CPI, month) | −0.49% |
| Silver, year to date (end of September) | +29.8% |
| Gold/silver ratio | 48.5 → 52.3 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, September 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 |
|---|---|---|---|---|---|
| Sep 1Fri | $12.97 | +0.54% | $0.42 | ₹19,394 | AED 1,531.16 |
| Sep 4Mon | $12.92 | −0.42% | $0.42 | ₹19,205 | AED 1,524.71 |
| Sep 5Tue | $13.01 | +0.70% | $0.42 | ₹19,298 | AED 1,535.67 |
| Sep 6Wed | $13.07 | +0.46% | $0.42 | ₹19,343 | AED 1,542.76 |
| Sep 7Thu | $12.56 | −3.84% | $0.40 | ₹18,601 | AED 1,483.16 |
| Sep 8Fri | $12.16 | −3.18% | $0.39 | ₹18,048 | AED 1,436.21 |
| Sep 11Mon | $11.11 | −8.67% | $0.36 | ₹16,483 | AED 1,311.35 |
| Sep 12Tue | $11.03 | −0.75% | $0.35 | ₹16,370 | AED 1,301.55 |
| Sep 13Wed | $11.09 | +0.54% | $0.36 | ₹16,395 | AED 1,308.63 |
| Sep 14Thu | $10.84 | −2.26% | $0.35 | ₹15,994 | AED 1,279.12 |
| Sep 15Fri | $10.76 | −0.69% | $0.35 | ₹15,930 | AED 1,270.30 |
| Sep 18Mon | $11.18 | +3.86% | $0.36 | ₹16,544 | AED 1,319.26 |
| Sep 19Tue | $10.83 | −3.09% | $0.35 | ₹16,027 | AED 1,278.56 |
| Sep 20Wed | $11.03 | +1.82% | $0.35 | ₹16,319 | AED 1,301.79 |
| Sep 21Thu | $11.14 | +1.00% | $0.36 | ₹16,395 | AED 1,314.77 |
| Sep 22Fri | $11.20 | +0.58% | $0.36 | ₹16,503 | AED 1,322.44 |
| Sep 25Mon | $11.22 | +0.13% | $0.36 | ₹16,515 | AED 1,324.25 |
| Sep 26Tue | $11.40 | +1.59% | $0.37 | ₹16,813 | AED 1,345.27 |
| Sep 27Wed | $11.60 | +1.80% | $0.37 | ₹17,093 | AED 1,369.43 |
| Sep 28Thu | $11.65 | +0.39% | $0.37 | ₹17,158 | AED 1,374.74 |
| Sep 29Fri | $11.45 | −1.67% | $0.37 | ₹16,829 | AED 1,351.72 |
How September usually goes for silver
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%.
Silver in September 2006: FAQ
What was the price of silver in September 2006?
Silver traded between $10.76 and $13.07 per troy ounce (daily closes) in September 2006, averaging $11.63. It closed the month at $11.45.
How much did silver go down in September 2006?
Silver fell 11.2%, from $12.90 to $11.45. The biggest daily rise was +3.9% on September 18, 2006 and the biggest fall −8.7% on September 11, 2006.
What was the silver price on September 1, 2006?
Silver closed at $12.97 per troy ounce on September 1, 2006, the first trading day of the month. 999 India, ₹ per kg: ₹19,394.
Is September usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%. Past seasonal patterns are not a reliable guide to any single year.
How much did silver change in rupees in September 2006?
Silver fell 12.7% in Indian rupee terms in September 2006, compared with −11.2% in US dollars.
Did silver beat stocks in September 2006?
No. Silver was −11.2% for the month, against +2.6% for the S&P 500 with dividends.
Did silver keep up with inflation in September 2006?
US consumer prices (CPI) changed −0.49% in September, so silver's real (inflation-adjusted) change was about −10.8%.