Silver Price in August 2003
In August 2003, silver fell 0.1%, from $5.12 at the end of July to $5.11 per troy ounce on August 29, 2003. The highest close was $5.13 on August 28, 2003, the lowest $4.86 on August 12, 2003, and the average over 21 trading days was $5.00. Today's price is 961.5% higher than the August 2003 close.
- Silver fell 0.1% in US dollars in August 2003, leaving it up 6.4% for the year to date.
- Measured in other currencies, the change ranged from −3.2% in JPY to −0.1% in PKR, because exchange rates moved too.
- It did worse than gold (+6.1%) and US stocks (+2.0%).
- It closed higher on 11 trading days and lower on 9, with an average daily move of 1.09%.
- At the end of the month it was 1.6% below its highest close since 2000.
- Gold/silver ratio: 69.2 → 73.5.
Silver price chart, August 2003
US dollars per troy ounce · daily closeSilver in other currencies, August 2003
| Currency | Change in the month |
|---|---|
| PKR | −0.1% |
| CNY | −0.1% |
| JPY | −3.2% |
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, August 2003
| Asset | Change (USD) |
|---|---|
| Silver | −0.1% |
| Gold | +6.1% |
| S&P 500 (with dividends) | +2.0% |
| US inflation (CPI, month) | +0.38% |
| Silver, year to date (end of August) | +6.4% |
| Gold/silver ratio | 69.2 → 73.5 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, August 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Aug 1Fri | $5.09 | −0.45% | $0.16 |
| Aug 4Mon | $5.02 | −1.51% | $0.16 |
| Aug 5Tue | $4.94 | −1.59% | $0.16 |
| Aug 6Wed | $4.97 | +0.61% | $0.16 |
| Aug 7Thu | $5.03 | +1.37% | $0.16 |
| Aug 8Fri | $4.99 | −0.91% | $0.16 |
| Aug 11Mon | $5.00 | +0.16% | $0.16 |
| Aug 12Tue | $4.86 | −2.76% | $0.16 |
| Aug 13Wed | $5.03 | +3.46% | $0.16 |
| Aug 14Thu | $5.03 | +0.10% | $0.16 |
| Aug 15Fri | $4.92 | −2.15% | $0.16 |
| Aug 18Mon | $4.92 | 0.00% | $0.16 |
| Aug 19Tue | $4.99 | +1.38% | $0.16 |
| Aug 20Wed | $5.02 | +0.54% | $0.16 |
| Aug 21Thu | $4.94 | −1.53% | $0.16 |
| Aug 22Fri | $4.99 | +1.05% | $0.16 |
| Aug 25Mon | $4.99 | −0.10% | $0.16 |
| Aug 26Tue | $5.00 | +0.20% | $0.16 |
| Aug 27Wed | $5.13 | +2.58% | $0.16 |
| Aug 28Thu | $5.13 | +0.02% | $0.16 |
| Aug 29Fri | $5.11 | −0.37% | $0.16 |
How August usually goes for silver
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%.
Silver in August 2003: FAQ
What was the price of silver in August 2003?
Silver traded between $4.86 and $5.13 per troy ounce (daily closes) in August 2003, averaging $5.00. It closed the month at $5.11.
How much did silver go down in August 2003?
Silver fell 0.1%, from $5.12 to $5.11. The biggest daily rise was +3.5% on August 13, 2003 and the biggest fall −2.8% on August 12, 2003.
What was the silver price on August 1, 2003?
Silver closed at $5.09 per troy ounce on August 1, 2003, the first trading day of the month.
Is August usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in August 10 times out of 20, with an average move of +1.8% and a median of +1.9%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in August 2003?
No. Silver was −0.1% for the month, against +2.0% for the S&P 500 with dividends.
Did silver keep up with inflation in August 2003?
US consumer prices (CPI) changed +0.38% in August, so silver's real (inflation-adjusted) change was about −0.5%.