Distance from the record
This close sat 12.18% below the highest silver close recorded up to that date, set on 2002-06-04.
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This page is a historical record of the silver price in 16 August 2002, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.490 per troy ounce on 16 August 2002, up $0.010 (0.22%) from the previous close of $4.480.
This close sat 12.18% below the highest silver close recorded up to that date, set on 2002-06-04.
Twelve months earlier silver traded around $4.190, making this a +7.16% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.49 per troy ounce on 16 August 2002. That is $0.01 higher than the previous close of $4.48, a move of 0.22%.
The silver price rose on 16 August 2002, gaining $0.01 (0.22%) against the previous session's close of $4.48.
At $4.49 per troy ounce, one gram of pure silver was worth about $0.14 on 16 August 2002. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 69.9 on 16 August 2002, meaning one ounce of gold was worth roughly 69.9 ounces of silver.
A week before 16 August 2002, silver was around $4.67 per troy ounce, so the close of $4.49 is a loss of 3.8% over the week.
A month before 16 August 2002, silver was around $5.02 per troy ounce, so the close of $4.49 is a loss of 10.5% over the month.
It closed 12.18% below the highest close on record up to that date, which was set on 2002-06-04.