Distance from the record
This close sat 1.43% below the highest silver close recorded up to that date, set on 2003-07-28.
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This page is a historical record of the silver price in 31 July 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $5.116 per troy ounce on 31 July 2003, up $0.060 (1.19%) from the previous close of $5.056.
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 1.43% below the highest silver close recorded up to that date, set on 2003-07-28.
Twelve months earlier silver traded around $4.595, making this a +11.34% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $5.12 per troy ounce on 31 July 2003. That is $0.06 higher than the previous close of $5.06, a move of 1.19%.
The silver price rose on 31 July 2003, gaining $0.06 (1.19%) against the previous session's close of $5.06.
At $5.12 per troy ounce, one gram of pure silver was worth about $0.16 on 31 July 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 69.2 on 31 July 2003, meaning one ounce of gold was worth roughly 69.2 ounces of silver.
A month before 31 July 2003, silver was around $4.56 per troy ounce, so the close of $5.12 is a gain of 12.3% over the month.
It closed 1.43% below the highest close on record up to that date, which was set on 2003-07-28.