Distance from the record
This close sat 9.33% 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 3 October 2003, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 22 July 2003
Silver closed at $4.830 per troy ounce on 3 October 2003, down $0.265 (5.20%) from the previous close of $5.095.
Notable session: moved more than 3% in a session.
Silver lost 5.20% in one session, far more than a normal day's range. Falls this size rarely happen in isolation — the days on either side give the move its context.
This close sat 9.33% below the highest silver close recorded up to that date, set on 2003-09-11.
Twelve months earlier silver traded around $4.470, making this a +8.05% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.83 per troy ounce on 3 October 2003. That is $0.26 lower than the previous close of $5.09, a move of -5.20%.
The silver price fell on 3 October 2003, losing $0.26 (5.20%) against the previous session's close of $5.09.
At $4.83 per troy ounce, one gram of pure silver was worth about $0.16 on 3 October 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 76.5 on 3 October 2003, meaning one ounce of gold was worth roughly 76.5 ounces of silver.
A week before 3 October 2003, silver was around $5.14 per troy ounce, so the close of $4.83 is a loss of 6.0% over the week.
It closed 9.33% below the highest close on record up to that date, which was set on 2003-09-11.