Price of Silver in 2006

In 2006, the price of silver increased by 58% compared to the average price of $7.31 per ounce in 2005. These new values had not been seen for 26 years.

For full details of the price of silver in 2006 and a full comparison of spot prices throughout the year, view our charts below.

Silver Prices 2006 Chart

What Impacted Silver Prices in 2006?

Investor demand was the big driver of silver prices in 2006 and much of this demand was attributable to the successful launch of Barclays’ Global Investors iShares Silver Trust Exchange Traded Fund in April that year.

The increase in silver prices was well ahead of gold values, which increased 36% and 27% in platinum.

Despite higher silver prices, total global silver manufacturing fell by less than 1% in 2006 to 840.5 Moz. Most notably, industrial applications, a critical component of the demand complex increased by 6% to 430.0 Moz, marking the seventh consecutive year of growth in this category. China saw 10.4% rise in industrial demand, while Japan saw 10% growth. Industrial use of silver in the United States saw a 6% increase in 2006.

Daily Silver Prices (Chart)

To find the daily prices for Silver in this year, use the date filters in the chart above.

The information provided here is for educational purposes only and should not be used for speculation and investment purposes. CanAm does not guarantee that the prices shown here are correct, up-to-date, or complete, and we are not responsible for inaccuracies or omissions in this price data.

Silver Bullion as an Investment

Silver bullion is a popular silver investment, particularly when it is 99.9% pure. Silver bars range in size, with a full range of options available through CanAm’s online store. Coins are also popular, particularly the US 1oz American Eagle and the 1oz Canadian Maple silver coins.

Bullion is a great way to diversify your silver holdings and it’s a liquid asset, which means it is easy to buy and sell on the market.

Buy Silver Online with CanAm

Investing in silver is a great way to diversify your investment portfolio. Although prices can fluctuate dramatically, depending on the economy, demand and supply, silver has long been regarded as a means of preserving wealth.

Whether you are a first-time buyer or a seasoned investor, silver has withstood the test of time. Investing in precious metals is a big decision, and the team at CanAm can help you make the right decision for your future.