Silver Price in September 2002
In September 2002, silver rose 2.1%, from $4.44 at the end of August to $4.53 per troy ounce on September 30, 2002. The highest close was $4.65 on September 24, 2002, the lowest $4.45 on September 3, 2002, and the average over 20 trading days was $4.56. Today's price is 1,097.2% higher than the September 2002 close.
- Silver rose 2.1% in US dollars in September 2002, leaving it down 1.1% for the year to date.
- Measured in other currencies, the change ranged from +2.0% in CNY to +5.0% in JPY, because exchange rates moved too.
- It did better than US stocks (−10.9%), and worse than gold (+3.7%).
- It closed higher on 10 trading days and lower on 10, with an average daily move of 0.66%.
- At the end of the month it was 11.4% below its highest close since 2000.
- Gold/silver ratio: 70.4 → 71.5.
Silver price chart, September 2002
US dollars per troy ounce · daily closeSilver in other currencies, September 2002
| Currency | Change in the month |
|---|---|
| JPY | +5.0% |
| PKR | +2.1% |
| CNY | +2.0% |
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, September 2002
| Asset | Change (USD) |
|---|---|
| Silver | +2.1% |
| Gold | +3.7% |
| S&P 500 (with dividends) | −10.9% |
| US inflation (CPI, month) | +0.17% |
| Silver, year to date (end of September) | −1.1% |
| Gold/silver ratio | 70.4 → 71.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, September 2002
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Sep 3Tue | $4.45 | +0.38% | $0.14 |
| Sep 4Wed | $4.47 | +0.25% | $0.14 |
| Sep 5Thu | $4.52 | +1.12% | $0.15 |
| Sep 6Fri | $4.51 | −0.07% | $0.15 |
| Sep 9Mon | $4.58 | +1.48% | $0.15 |
| Sep 10Tue | $4.56 | −0.48% | $0.15 |
| Sep 11Wed | $4.54 | −0.33% | $0.15 |
| Sep 12Thu | $4.59 | +0.99% | $0.15 |
| Sep 13Fri | $4.55 | −0.72% | $0.15 |
| Sep 16Mon | $4.55 | −0.11% | $0.15 |
| Sep 17Tue | $4.58 | +0.62% | $0.15 |
| Sep 18Wed | $4.62 | +0.92% | $0.15 |
| Sep 19Thu | $4.64 | +0.43% | $0.15 |
| Sep 20Fri | $4.63 | −0.22% | $0.15 |
| Sep 23Mon | $4.63 | −0.04% | $0.15 |
| Sep 24Tue | $4.65 | +0.48% | $0.15 |
| Sep 25Wed | $4.58 | −1.51% | $0.15 |
| Sep 26Thu | $4.51 | −1.62% | $0.14 |
| Sep 27Fri | $4.49 | −0.40% | $0.14 |
| Sep 30Mon | $4.53 | +0.96% | $0.15 |
How September usually goes for silver
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%.
Silver in September 2002: FAQ
What was the price of silver in September 2002?
Silver traded between $4.45 and $4.65 per troy ounce (daily closes) in September 2002, averaging $4.56. It closed the month at $4.53.
How much did silver go up in September 2002?
Silver rose 2.1%, from $4.44 to $4.53. The biggest daily rise was +1.5% on September 9, 2002 and the biggest fall −1.6% on September 26, 2002.
What was the silver price on September 3, 2002?
Silver closed at $4.45 per troy ounce on September 3, 2002, the first trading day of the month.
Is September usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in September 9 times out of 20, with an average move of −1.7% and a median of −2.7%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in September 2002?
Yes. Silver was +2.1% for the month, against −10.9% for the S&P 500 with dividends.
Did silver keep up with inflation in September 2002?
US consumer prices (CPI) changed +0.17% in September, so silver's real (inflation-adjusted) change was about +1.9%.