Silver Price in December 2002
In December 2002, silver rose 8.8%, from $4.41 at the end of November to $4.80 per troy ounce on December 31, 2002. The highest close was $4.80 on December 31, 2002, the lowest $4.42 on December 2, 2002, and the average over 21 trading days was $4.65. Today's price is 1,024.0% higher than the December 2002 close.
- Silver rose 8.8% in US dollars in December 2002, leaving it up 4.8% for the year to date.
- Measured in other currencies, the change ranged from +5.5% in JPY to +8.8% in PKR, because exchange rates moved too.
- It did better than US stocks (−5.9%), and worse than gold (+9.7%).
- It closed higher on 15 trading days and lower on 6, with an average daily move of 0.98%.
- At the end of the month it was 6.1% below its highest close since 2000.
- Gold/silver ratio: 71.8 → 72.4.
Silver price chart, December 2002
US dollars per troy ounce · daily closeSilver in other currencies, December 2002
| Currency | Change in the month |
|---|---|
| PKR | +8.8% |
| CNY | +8.8% |
| JPY | +5.5% |
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, December 2002
| Asset | Change (USD) |
|---|---|
| Silver | +8.8% |
| Gold | +9.7% |
| S&P 500 (with dividends) | −5.9% |
| US inflation (CPI, month) | −0.22% |
| Silver, year to date (end of December) | +4.8% |
| Gold/silver ratio | 71.8 → 72.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, December 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Dec 2Mon | $4.42 | +0.18% | $0.14 |
| Dec 3Tue | $4.53 | +2.49% | $0.15 |
| Dec 4Wed | $4.56 | +0.60% | $0.15 |
| Dec 5Thu | $4.62 | +1.38% | $0.15 |
| Dec 6Fri | $4.63 | +0.22% | $0.15 |
| Dec 9Mon | $4.60 | −0.69% | $0.15 |
| Dec 10Tue | $4.61 | +0.17% | $0.15 |
| Dec 11Wed | $4.63 | +0.56% | $0.15 |
| Dec 12Thu | $4.74 | +2.37% | $0.15 |
| Dec 13Fri | $4.70 | −0.84% | $0.15 |
| Dec 16Mon | $4.70 | −0.04% | $0.15 |
| Dec 17Tue | $4.64 | −1.32% | $0.15 |
| Dec 18Wed | $4.67 | +0.54% | $0.15 |
| Dec 19Thu | $4.73 | +1.29% | $0.15 |
| Dec 20Fri | $4.63 | −2.01% | $0.15 |
| Dec 23Mon | $4.65 | +0.50% | $0.15 |
| Dec 24Tue | $4.66 | +0.09% | $0.15 |
| Dec 26Thu | $4.70 | +0.92% | $0.15 |
| Dec 27Fri | $4.71 | +0.26% | $0.15 |
| Dec 30Mon | $4.66 | −1.06% | $0.15 |
| Dec 31Tue | $4.80 | +2.98% | $0.15 |
How December usually goes for silver
In the 20 years from 2006 to 2025, silver rose in December 11 times out of 20, with an average move of +2.0% and a median of +1.5%.
Silver in December 2002: FAQ
What was the price of silver in December 2002?
Silver traded between $4.42 and $4.80 per troy ounce (daily closes) in December 2002, averaging $4.65. It closed the month at $4.80.
How much did silver go up in December 2002?
Silver rose 8.8%, from $4.41 to $4.80. The biggest daily rise was +3.0% on December 31, 2002 and the biggest fall −2.0% on December 20, 2002.
What was the silver price on December 2, 2002?
Silver closed at $4.42 per troy ounce on December 2, 2002, the first trading day of the month.
Is December usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in December 11 times out of 20, with an average move of +2.0% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in December 2002?
Yes. Silver was +8.8% for the month, against −5.9% for the S&P 500 with dividends.
Did silver keep up with inflation in December 2002?
US consumer prices (CPI) changed −0.22% in December, so silver's real (inflation-adjusted) change was about +9.0%.