Silver Price in 2003
In 2003, silver rose 24.0%, closing the year at $5.95 per troy ounce, compared with $4.80 at the end of 2002. The highest close was $5.98 on December 30, 2003 and the lowest $4.35 on March 21, 2003; the average for the year was $4.89. Today's price is 866.5% above the 2003 close.
Silver price chart, 2003
USD per troy ounce · daily closeMonthly Silver Prices in 2003
Month-end close and range, US dollars per troy ounce. Choose a month for every day's price.
| Month | Close | High | Low | Change |
|---|---|---|---|---|
| January | $4.85 | $4.90 | $4.75 | +1.1% |
| February | $4.59 | $4.91 | $4.50 | −5.5% |
| March | $4.46 | $4.68 | $4.35 | −2.7% |
| April | $4.64 | $4.64 | $4.40 | +4.0% |
| May | $4.53 | $4.86 | $4.53 | −2.4% |
| June | $4.56 | $4.61 | $4.46 | +0.7% |
| July | $5.12 | $5.19 | $4.57 | +12.3% |
| August | $5.11 | $5.13 | $4.86 | −0.1% |
| September | $5.14 | $5.33 | $4.99 | +0.5% |
| October | $5.06 | $5.19 | $4.81 | −1.5% |
| November | $5.36 | $5.41 | $4.92 | +5.9% |
| December | $5.95 | $5.98 | $5.45 | +11.2% |
Silver in 2003 at a Glance
- Silver rose 24.0% in US dollars. In CNY terms it rose 23.8%, and in JPY terms it rose 12.2% — the difference comes from currency moves.
- It did better than Gold (+19.6%).
- It did worse than S&P 500 (with dividends) (+28.7%).
- After US inflation of 1.9%, the real change was +21.7%.
Key Events in 2003
What happened, and how silver moved that day (or the next trading day) and about a month later.
- Thursday, March 20US-led coalition invades Iraq. SourceSilver: 0.0% that day · +1.3% a month later
Silver in 2003: records, milestones and the London price chart →
Silver in other currencies, 2003
| Currency | Change |
|---|---|
| CNY | +23.8% |
| PKR | +18.1% |
| JPY | +12.2% |
Price in each currency at the year-end exchange rate, year-end to year-end. A falling currency makes silver rise more in local terms.
Silver vs other assets, 2003
| Asset | Change (USD) |
|---|---|
| Gold | +19.6% |
| S&P 500 (with dividends) | +28.7% |
| US inflation (CPI) | +1.9% |
Silver in 2003: FAQ
What was the price of silver in 2003?
Silver traded between $4.35 and $5.98 per troy ounce in 2003 (daily closes), averaging $4.89. It closed the year at $5.95.
How much did silver go up in 2003?
Silver rose 24.0% in 2003, from $4.80 to $5.95 per ounce.
What was the highest silver price in 2003?
The highest daily close in 2003 was $5.98 per troy ounce on December 30, 2003.
What was the best month for silver in 2003?
July (+12.3%). The weakest was February (−5.5%).
Did silver beat the stock market in 2003?
No. Silver was +24.0% for the year, against +28.7% for the S&P 500 with dividends reinvested.
What was the biggest event for silver in 2003?
Of the key events listed on this page, the biggest one-day reaction was on 20 March: US-led coalition invades Iraq. Silver moved 0.0% that day.
Daily closing prices of COMEX front-month silver futures (US dollars per troy ounce), which track the spot price closely. Download the full daily series as CSV (free to use with a link to this site).