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Silver ranged between $4.216 and $5.026 per troy ounce during 2002, averaging $4.569 across 10 trading days. It finished the period at $4.414, down 3.60% from $4.579.
The strongest session of 2002 was 1 May 2002 at +10.90%, and the weakest 1 January 2002 at -7.93%.
Twelve months earlier silver traded around $4.579, making this a -3.60% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2002 | $4.216 | −$0.363 |
| 1 February 2002 | $4.497 | +$0.281 |
| 1 March 2002 | $4.641 | +$0.144 |
| 1 April 2002 | $4.532 | −$0.109 |
| 1 May 2002 | $5.026 | +$0.494 |
| 1 June 2002 | $4.833 | −$0.193 |
| 1 July 2002 | $4.595 | −$0.238 |
| 1 August 2002 | $4.437 | −$0.158 |
| 1 October 2002 | $4.499 | +$0.062 |
| 1 November 2002 | $4.414 | −$0.085 |
Source: Yahoo Finance (COMEX futures). Figures are indicative reference prices, not trading quotes.
Figures in this section are shown in USD, independent of the currency selected above.
Silver finished 2002 at $4.41 per troy ounce, having fallen $0.16 (3.60%) over the year. It has traded between $4.22 and $5.03 across 10 trading days.
The average silver closing price in 2002 was $4.57 per troy ounce, calculated across all 10 trading days in the year.
Silver reached its highest close of 2002 at $5.03 per troy ounce on 1 May 2002.
The lowest silver close in 2002 was $4.22 per troy ounce on 1 January 2002.
Silver fell during 2002. It entered the year at $4.58 and closed at $4.41, a change of -3.60%.
Silver closed higher on 4 sessions and lower on 6 during 2002. The strongest session was 1 May 2002 (+10.90%) and the weakest 1 January 2002 (-7.93%).
Daily closes in 2002 varied with a standard deviation of 5.75% per session, and the peak-to-trough spread across the year was 19.2% ($4.22 to $5.03).
At the 2002 close of $4.41 per troy ounce, silver worked out at about $0.14 per gram and $141.91 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 67.5 through 2002 and finished the year near 71.8. A higher ratio means silver is cheap relative to gold.
Silver was around $4.58 per troy ounce twelve months before the end of 2002. Closing at $4.41 makes that a decline of 3.6% year on year.