Distance from the record
This close sat 4.41% 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 28 October 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $5.092 per troy ounce on 28 October 2003, down $0.095 (1.83%) from the previous close of $5.187.
Silver moved the opposite way to the session before it. Single-day reversals are common and usually mean little on their own — what matters is whether the next few sessions follow.
This close sat 4.41% below the highest silver close recorded up to that date, set on 2003-09-11.
Twelve months earlier silver traded around $4.404, making this a +15.62% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $5.09 per troy ounce on 28 October 2003. That is $0.09 lower than the previous close of $5.19, a move of -1.83%.
The silver price fell on 28 October 2003, losing $0.09 (1.83%) against the previous session's close of $5.19.
At $5.09 per troy ounce, one gram of pure silver was worth about $0.16 on 28 October 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 75.3 on 28 October 2003, meaning one ounce of gold was worth roughly 75.3 ounces of silver.
A year before 28 October 2003, silver was around $4.40 per troy ounce. The close of $5.09 therefore represents a rise of 15.6% over twelve months.
It closed 4.41% below the highest close on record up to that date, which was set on 2003-09-11.