Silver Price in October 2002
In October 2002, silver fell 0.7%, from $4.53 at the end of September to $4.50 per troy ounce on October 31, 2002. The highest close was $4.50 on October 29, 2002, the lowest $4.27 on October 10, 2002, and the average over 23 trading days was $4.39. Today's price is 1,099.4% higher than the October 2002 close.
- Silver fell 0.7% in US dollars in October 2002, leaving it down 1.7% for the year to date.
- Measured in other currencies, the change ranged from −0.7% in PKR to −0.2% in JPY, because exchange rates moved too.
- It did better than gold (−1.8%), and worse than US stocks (+8.8%).
- It closed higher on 10 trading days and lower on 11, with an average daily move of 0.72%.
- At the end of the month it was 12.0% below its highest close since 2000.
- Gold/silver ratio: 71.5 → 70.7.
Silver price chart, October 2002
US dollars per troy ounce · daily closeSilver in other currencies, October 2002
| Currency | Change in the month |
|---|---|
| JPY | −0.2% |
| CNY | −0.6% |
| PKR | −0.7% |
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, October 2002
| Asset | Change (USD) |
|---|---|
| Silver | −0.7% |
| Gold | −1.8% |
| S&P 500 (with dividends) | +8.8% |
| US inflation (CPI, month) | +0.17% |
| Silver, year to date (end of October) | −1.7% |
| Gold/silver ratio | 71.5 → 70.7 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, October 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Oct 1Tue | $4.47 | −1.32% | $0.14 |
| Oct 2Wed | $4.47 | 0.00% | $0.14 |
| Oct 3Thu | $4.47 | 0.00% | $0.14 |
| Oct 4Fri | $4.48 | +0.11% | $0.14 |
| Oct 7Mon | $4.44 | −0.83% | $0.14 |
| Oct 8Tue | $4.36 | −1.74% | $0.14 |
| Oct 9Wed | $4.34 | −0.53% | $0.14 |
| Oct 10Thu | $4.27 | −1.50% | $0.14 |
| Oct 11Fri | $4.31 | +0.82% | $0.14 |
| Oct 14Mon | $4.30 | −0.23% | $0.14 |
| Oct 15Tue | $4.31 | +0.30% | $0.14 |
| Oct 16Wed | $4.36 | +1.09% | $0.14 |
| Oct 17Thu | $4.33 | −0.57% | $0.14 |
| Oct 18Fri | $4.35 | +0.44% | $0.14 |
| Oct 21Mon | $4.34 | −0.18% | $0.14 |
| Oct 22Tue | $4.40 | +1.38% | $0.14 |
| Oct 23Wed | $4.40 | −0.11% | $0.14 |
| Oct 24Thu | $4.35 | −1.02% | $0.14 |
| Oct 25Fri | $4.40 | +1.03% | $0.14 |
| Oct 28Mon | $4.40 | +0.11% | $0.14 |
| Oct 29Tue | $4.50 | +2.23% | $0.14 |
| Oct 30Wed | $4.48 | −0.51% | $0.14 |
| Oct 31Thu | $4.50 | +0.45% | $0.14 |
How October usually goes for silver
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%.
Silver in October 2002: FAQ
What was the price of silver in October 2002?
Silver traded between $4.27 and $4.50 per troy ounce (daily closes) in October 2002, averaging $4.39. It closed the month at $4.50.
How much did silver go down in October 2002?
Silver fell 0.7%, from $4.53 to $4.50. The biggest daily rise was +2.2% on October 29, 2002 and the biggest fall −1.7% on October 8, 2002.
What was the silver price on October 1, 2002?
Silver closed at $4.47 per troy ounce on October 1, 2002, the first trading day of the month.
Is October usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in October 14 times out of 20, with an average move of +1.5% and a median of +1.8%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in October 2002?
No. Silver was −0.7% for the month, against +8.8% for the S&P 500 with dividends.
Did silver keep up with inflation in October 2002?
US consumer prices (CPI) changed +0.17% in October, so silver's real (inflation-adjusted) change was about −0.8%.