Distance from the record
This close sat 6.47% 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 May 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.782 per troy ounce on 16 May 2003, up $0.010 (0.21%) from the previous close of $4.772.
This close sat 6.47% below the highest silver close recorded up to that date, set on 2002-06-04.
Twelve months earlier silver traded around $4.639, making this a +3.08% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.78 per troy ounce on 16 May 2003. That is $0.01 higher than the previous close of $4.77, a move of 0.21%.
The silver price rose on 16 May 2003, gaining $0.01 (0.21%) against the previous session's close of $4.77.
At $4.78 per troy ounce, one gram of pure silver was worth about $0.15 on 16 May 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 74.2 on 16 May 2003, meaning one ounce of gold was worth roughly 74.2 ounces of silver.
A month before 16 May 2003, silver was around $4.48 per troy ounce, so the close of $4.78 is a gain of 6.7% over the month.
It closed 6.47% below the highest close on record up to that date, which was set on 2002-06-04.