Silver Price in February 2003
In February 2003, silver fell 5.5%, from $4.85 at the end of January to $4.59 per troy ounce on February 28, 2003. The highest close was $4.91 on February 4, 2003, the lowest $4.50 on February 12, 2003, and the average over 19 trading days was $4.64. Today's price is 1,083.0% higher than the February 2003 close.
- Silver fell 5.5% in US dollars in February 2003, leaving it down 4.5% for the year to date.
- Measured in other currencies, the change ranged from −7.0% in JPY to −5.5% in CNY, because exchange rates moved too.
- It did worse than gold (−4.9%) and US stocks (−1.5%).
- It closed higher on 10 trading days and lower on 9, with an average daily move of 1.04%.
- At the end of the month it was 10.3% below its highest close since 2000.
- Gold/silver ratio: 75.9 → 76.4.
Silver price chart, February 2003
US dollars per troy ounce · daily closeSilver in other currencies, February 2003
| Currency | Change in the month |
|---|---|
| CNY | −5.5% |
| PKR | −5.5% |
| JPY | −7.0% |
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, February 2003
| Asset | Change (USD) |
|---|---|
| Silver | −5.5% |
| Gold | −4.9% |
| S&P 500 (with dividends) | −1.5% |
| US inflation (CPI, month) | +0.77% |
| Silver, year to date (end of February) | −4.5% |
| Gold/silver ratio | 75.9 → 76.4 |
Month-end to month-end. US CPI is the official monthly index (not seasonally adjusted), published the following month.
Daily Silver Prices, February 2003
Closing price for every trading day.
| Date | Close (USD per oz) | Change | USD per gram |
|---|---|---|---|
| Feb 3Mon | $4.83 | −0.52% | $0.16 |
| Feb 4Tue | $4.91 | +1.72% | $0.16 |
| Feb 5Wed | $4.76 | −3.05% | $0.15 |
| Feb 6Thu | $4.67 | −1.85% | $0.15 |
| Feb 7Fri | $4.65 | −0.58% | $0.15 |
| Feb 10Mon | $4.60 | −1.08% | $0.15 |
| Feb 11Tue | $4.57 | −0.65% | $0.15 |
| Feb 12Wed | $4.50 | −1.38% | $0.14 |
| Feb 13Thu | $4.53 | +0.58% | $0.15 |
| Feb 14Fri | $4.53 | +0.04% | $0.15 |
| Feb 18Tue | $4.55 | +0.44% | $0.15 |
| Feb 19Wed | $4.62 | +1.58% | $0.15 |
| Feb 20Thu | $4.66 | +0.80% | $0.15 |
| Feb 21Fri | $4.66 | +0.06% | $0.15 |
| Feb 24Mon | $4.71 | +1.07% | $0.15 |
| Feb 25Tue | $4.64 | −1.55% | $0.15 |
| Feb 26Wed | $4.66 | +0.32% | $0.15 |
| Feb 27Thu | $4.56 | −2.02% | $0.15 |
| Feb 28Fri | $4.59 | +0.53% | $0.15 |
How February usually goes for silver
In the 20 years from 2006 to 2025, silver rose in February 10 times out of 20, with an average move of +1.6% and a median of +0.3%.
Silver in February 2003: FAQ
What was the price of silver in February 2003?
Silver traded between $4.50 and $4.91 per troy ounce (daily closes) in February 2003, averaging $4.64. It closed the month at $4.59.
How much did silver go down in February 2003?
Silver fell 5.5%, from $4.85 to $4.59. The biggest daily rise was +1.7% on February 4, 2003 and the biggest fall −3.1% on February 5, 2003.
What was the silver price on February 3, 2003?
Silver closed at $4.83 per troy ounce on February 3, 2003, the first trading day of the month.
Is February usually a good month for silver?
In the 20 years from 2006 to 2025, silver rose in February 10 times out of 20, with an average move of +1.6% and a median of +0.3%. Past seasonal patterns are not a reliable guide to any single year.
Did silver beat stocks in February 2003?
No. Silver was −5.5% for the month, against −1.5% for the S&P 500 with dividends.
Did silver keep up with inflation in February 2003?
US consumer prices (CPI) changed +0.77% in February, so silver's real (inflation-adjusted) change was about −6.2%.