Silver Price in 2002
In 2002, silver rose 4.8%, closing the year at $4.80 per troy ounce, compared with $4.58 at the end of 2001. The highest close was $5.11 on June 4, 2002 and the lowest $4.22 on January 31, 2002; the average for the year was $4.60. Today's price is 1,098.4% above the 2002 close.
Silver price chart, 2002
USD per troy ounce · daily closeMonthly Silver Prices in 2002
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $4.22 | $4.70 | $4.22 | −7.9% |
| February | $4.50 | $4.54 | $4.29 | +6.7% |
| March | $4.64 | $4.67 | $4.47 | +3.2% |
| April | $4.53 | $4.74 | $4.40 | −2.3% |
| May | $5.03 | $5.03 | $4.53 | +10.9% |
| June | $4.83 | $5.11 | $4.82 | −3.8% |
| July | $4.60 | $5.10 | $4.60 | −4.9% |
| August | $4.44 | $4.67 | $4.40 | −3.4% |
| September | $4.53 | $4.65 | $4.45 | +2.1% |
| October | $4.50 | $4.50 | $4.27 | −0.7% |
| November | $4.41 | $4.59 | $4.41 | −1.9% |
| December | $4.80 | $4.80 | $4.42 | +8.8% |
Silver in 2002 at a Glance
- Silver rose 4.8% in US dollars. In CNY terms it rose 4.9%, and in JPY terms it fell 5.5% — the difference comes from currency moves.
- It did better than S&P 500 (with dividends) (−22.1%).
- It did worse than Gold (+24.7%).
- After US inflation of 2.4%, the real change was +2.4%.
Key Events in 2002
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Tuesday, January 1Euro banknotes and coins enter circulation. SourceSilver: −1.2% next trading day (Jan 2) · −7.9% a month later
- Monday, July 15The euro reaches parity with the US dollar. SourceSilver: +1.1% that day · −9.0% a month later
Silver in 2002: records, milestones and the London price chart →
Silver in other currencies, 2002
| Currency | Change |
|---|---|
| CNY | +4.9% |
| JPY | −5.5% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes silver rise more in local terms.
Silver vs other assets, 2002
| Asset | Change (USD) |
|---|---|
| Gold | +24.7% |
| S&P 500 (with dividends) | −22.1% |
| US inflation (CPI) | +2.4% |
Silver in 2002: FAQ
What was the price of silver in 2002?
Silver traded between $4.22 and $5.11 per troy ounce in 2002 (daily closes), averaging $4.60. It closed the year at $4.80.
How much did silver go up in 2002?
Silver rose 4.8% in 2002, from $4.58 to $4.80 per ounce.
What was the highest silver price in 2002?
The highest daily close in 2002 was $5.11 per troy ounce on June 4, 2002.
What was the best month for silver in 2002?
May (+10.9%). The weakest was January (−7.9%).
Did silver beat the stock market in 2002?
Yes. Silver was +4.8% for the year, against −22.1% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2002?
Of the key events listed on this page, the biggest one-day reaction was on 2 January: Euro banknotes and coins enter circulation. Silver moved −1.2% on the next trading day.
Daily closing prices of COMEX front-month silver futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV (free to use with a link to this site).