Silver Price in March 2002
In March 2002, silver rose 3.2%, from $4.50 at the end of February to $4.64 per troy ounce on March 28, 2002. The highest close was $4.67 on March 27, 2002, the lowest $4.47 on March 7, 2002, and the average over 20 trading days was $4.53. Today's price is 1,062.8% higher than the March 2002 close.
- Silver rose 3.2% in US dollars in March 2002, leaving it up 1.4% for the year to date.
- Measured in other currencies, the change ranged from +2.7% in JPY to +3.2% in CNY, because exchange rates moved too.
- It did better than gold (+2.0%), and worse than US stocks (+3.8%).
- It closed higher on 12 trading days and lower on 8, with an average daily move of 0.66%.
- At the end of the month it was 7.3% below its highest close since 2000.
- Gold/silver ratio: 66.0 → 65.2.
Silver price chart, March 2002
US dollars per troy ounce · daily closeSilver in other currencies, March 2002
| Currency | Change in the month |
|---|---|
| CNY | +3.2% |
| JPY | +2.7% |
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, March 2002
| Asset | Change (USD) |
|---|---|
| Silver | +3.2% |
| Gold | +2.0% |
| S&P 500 (with dividends) | +3.8% |
| US inflation (CPI, month) | +0.56% |
| Silver, year to date (end of March) | +1.4% |
| Gold/silver ratio | 66.0 → 65.2 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, March 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Mar 1Fri | $4.55 | +1.16% | $0.15 |
| Mar 4Mon | $4.59 | +0.84% | $0.15 |
| Mar 5Tue | $4.54 | −1.00% | $0.15 |
| Mar 6Wed | $4.52 | −0.55% | $0.15 |
| Mar 7Thu | $4.47 | −1.11% | $0.14 |
| Mar 8Fri | $4.49 | +0.58% | $0.14 |
| Mar 11Mon | $4.47 | −0.45% | $0.14 |
| Mar 12Tue | $4.49 | +0.29% | $0.14 |
| Mar 13Wed | $4.52 | +0.71% | $0.15 |
| Mar 14Thu | $4.49 | −0.62% | $0.14 |
| Mar 15Fri | $4.48 | −0.16% | $0.14 |
| Mar 18Mon | $4.49 | +0.22% | $0.14 |
| Mar 19Tue | $4.51 | +0.45% | $0.15 |
| Mar 20Wed | $4.52 | +0.22% | $0.15 |
| Mar 21Thu | $4.50 | −0.51% | $0.14 |
| Mar 22Fri | $4.53 | +0.71% | $0.15 |
| Mar 25Mon | $4.57 | +0.90% | $0.15 |
| Mar 26Tue | $4.58 | +0.15% | $0.15 |
| Mar 27Wed | $4.67 | +2.01% | $0.15 |
| Mar 28Thu | $4.64 | −0.64% | $0.15 |
How March usually goes for silver
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%.
Silver in March 2002: FAQ
What was the price of silver in March 2002?
Silver traded between $4.47 and $4.67 per troy ounce (daily closes) in March 2002, averaging $4.53. It closed the month at $4.64.
How much did silver go up in March 2002?
Silver rose 3.2%, from $4.50 to $4.64. The biggest daily rise was +2.0% on March 27, 2002 and the biggest fall −1.1% on March 7, 2002.
What was the silver price on March 1, 2002?
Silver closed at $4.55 per troy ounce on March 1, 2002, the first trading day of the month.
Is March usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in March 9 times out of 20, with an average move of +1.0% and a median of −0.5%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in March 2002?
No. Silver was +3.2% for the month, against +3.8% for the S&P 500 with dividends.
Did silver keep up with inflation in March 2002?
US consumer prices (CPI) changed +0.56% in March, so silver's real (inflation-adjusted) change was about +2.6%.