Distance from the record
This close sat 7.70% below the highest silver close recorded up to that date, set on 2003-09-11.
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This page is a historical record of the silver price in 16 October 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.917 per troy ounce on 16 October 2003, down $0.025 (0.51%) from the previous close of $4.942.
This close sat 7.70% below the highest silver close recorded up to that date, set on 2003-09-11.
Twelve months earlier silver traded around $4.358, making this a +12.83% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.92 per troy ounce on 16 October 2003. That is $0.03 lower than the previous close of $4.94, a move of -0.51%.
The silver price fell on 16 October 2003, losing $0.03 (0.51%) against the previous session's close of $4.94.
At $4.92 per troy ounce, one gram of pure silver was worth about $0.16 on 16 October 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.8 on 16 October 2003, meaning one ounce of gold was worth roughly 75.8 ounces of silver.
A month before 16 October 2003, silver was around $5.21 per troy ounce, so the close of $4.92 is a loss of 5.7% over the month.
A year before 16 October 2003, silver was around $4.36 per troy ounce. The close of $4.92 therefore represents a rise of 12.8% over twelve months.
It closed 7.70% below the highest close on record up to that date, which was set on 2003-09-11.