Silver Price in July 2002
In July 2002, silver fell 4.9%, from $4.83 at the end of June to $4.60 per troy ounce on July 31, 2002. The highest close was $5.10 on July 15, 2002, the lowest $4.60 on July 31, 2002, and the average over 21 trading days was $4.91. Today's price is 1,080.4% higher than the July 2002 close.
- Silver fell 4.9% in US dollars in July 2002, leaving it up 0.3% for the year to date.
- Measured in other currencies, the change ranged from −4.9% in CNY to −4.7% in JPY, because exchange rates moved too.
- It did better than US stocks (−7.8%), and worse than gold (−3.3%).
- It closed higher on 9 trading days and lower on 11, with an average daily move of 0.99%.
- At the end of the month it was 10.1% below its highest close since 2000.
- Gold/silver ratio: 64.9 → 66.0.
Silver price chart, July 2002
US dollars per troy ounce · daily closeSilver in other currencies, July 2002
| Currency | Change in the month |
|---|---|
| JPY | −4.7% |
| PKR | −4.9% |
| CNY | −4.9% |
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, July 2002
| Asset | Change (USD) |
|---|---|
| Silver | −4.9% |
| Gold | −3.3% |
| S&P 500 (with dividends) | −7.8% |
| US inflation (CPI, month) | +0.11% |
| Silver, year to date (end of July) | +0.3% |
| Gold/silver ratio | 64.9 → 66.0 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Key Events in July 2002
- Monday, July 15The euro reaches parity with the US dollar. SourceSilver: +1.1% that day
Daily Silver Prices, July 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Jul 1Mon | $4.87 | +0.70% | $0.16 |
| Jul 2Tue | $4.93 | +1.29% | $0.16 |
| Jul 3Wed | $4.94 | +0.10% | $0.16 |
| Jul 8Mon | $4.96 | +0.51% | $0.16 |
| Jul 9Tue | $5.04 | +1.57% | $0.16 |
| Jul 10Wed | $5.03 | −0.16% | $0.16 |
| Jul 11Thu | $5.07 | +0.83% | $0.16 |
| Jul 12Fri | $5.05 | −0.51% | $0.16 |
| Jul 15Mon | $5.10 | +1.09% | $0.16 |
| Jul 16Tue | $5.02 | −1.63% | $0.16 |
| Jul 17Wed | $4.99 | −0.56% | $0.16 |
| Jul 18Thu | $4.99 | 0.00% | $0.16 |
| Jul 19Fri | $5.06 | +1.46% | $0.16 |
| Jul 22Mon | $5.03 | −0.59% | $0.16 |
| Jul 23Tue | $4.87 | −3.16% | $0.16 |
| Jul 24Wed | $4.85 | −0.41% | $0.16 |
| Jul 25Thu | $4.85 | −0.06% | $0.16 |
| Jul 26Fri | $4.66 | −3.92% | $0.15 |
| Jul 29Mon | $4.64 | −0.54% | $0.15 |
| Jul 30Tue | $4.66 | +0.41% | $0.15 |
| Jul 31Wed | $4.60 | −1.29% | $0.15 |
How July usually goes for silver
In the 20 years from 2006 to 2025, silver rose in July 13 times out of 20, with an average move of +3.5% and a median of +1.5%.
Silver in July 2002: FAQ
What was the price of silver in July 2002?
Silver traded between $4.60 and $5.10 per troy ounce (daily closes) in July 2002, averaging $4.91. It closed the month at $4.60.
How much did silver go down in July 2002?
Silver fell 4.9%, from $4.83 to $4.60. The biggest daily rise was +1.6% on July 9, 2002 and the biggest fall −3.9% on July 26, 2002.
What was the silver price on July 1, 2002?
Silver closed at $4.87 per troy ounce on July 1, 2002, the first trading day of the month.
Is July usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in July 13 times out of 20, with an average move of +3.5% and a median of +1.5%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in July 2002?
Yes. Silver was −4.9% for the month, against −7.8% for the S&P 500 with dividends.
Did silver keep up with inflation in July 2002?
US consumer prices (CPI) changed +0.11% in July, so silver's real (inflation-adjusted) change was about −5.0%.