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Silver ranged between $4.461 and $5.953 per troy ounce during 2003, averaging $4.981 across 11 trading days. It finished the period at $5.953, up 34.87% from $4.414.
The strongest session of 2003 was 1 July 2003 at +13.04%, and the weakest 1 February 2003 at -5.52%.
Twelve months earlier silver traded around $4.414, making this a +34.87% move year on year.
| Date | Close (USD/oz) | Change |
|---|---|---|
| 1 January 2003 | $4.853 | +$0.439 |
| 1 February 2003 | $4.585 | −$0.268 |
| 1 March 2003 | $4.461 | −$0.124 |
| 1 April 2003 | $4.638 | +$0.177 |
| 1 May 2003 | $4.526 | −$0.112 |
| 1 July 2003 | $5.116 | +$0.590 |
| 1 August 2003 | $5.109 | −$0.007 |
| 1 September 2003 | $5.137 | +$0.028 |
| 1 October 2003 | $5.059 | −$0.078 |
| 1 November 2003 | $5.355 | +$0.296 |
| 1 December 2003 | $5.953 | +$0.598 |
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 2003 at $5.95 per troy ounce, having risen $1.54 (34.87%) over the year. It has traded between $4.46 and $5.95 across 11 trading days.
The average silver closing price in 2003 was $4.98 per troy ounce, calculated across all 11 trading days in the year.
Silver reached its highest close of 2003 at $5.95 per troy ounce on 1 December 2003.
The lowest silver close in 2003 was $4.46 per troy ounce on 1 March 2003.
Silver rose during 2003. It entered the year at $4.41 and closed at $5.95, a change of 34.87%.
Silver closed higher on 6 sessions and lower on 5 during 2003. The strongest session was 1 July 2003 (+13.04%) and the weakest 1 February 2003 (-5.52%).
Daily closes in 2003 varied with a standard deviation of 6.29% per session, and the peak-to-trough spread across the year was 33.4% ($4.46 to $5.95).
At the 2003 close of $5.95 per troy ounce, silver worked out at about $0.19 per gram and $191.39 per kilogram. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio averaged about 74.4 through 2003 and finished the year near 69.8. A higher ratio means silver is cheap relative to gold.
Silver was around $4.41 per troy ounce twelve months before the end of 2003. Closing at $5.95 makes that a gain of 34.9% year on year.