Distance from the record
This close sat 12.01% below the highest silver close recorded up to that date, set on 2002-06-04.
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This page is a historical record of the silver price in 31 October 2002, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.499 per troy ounce on 31 October 2002, up $0.020 (0.45%) from the previous close of $4.479.
This close sat 12.01% below the highest silver close recorded up to that date, set on 2002-06-04.
Twelve months earlier silver traded around $4.214, making this a +6.76% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.50 per troy ounce on 31 October 2002. That is $0.02 higher than the previous close of $4.48, a move of 0.45%.
The silver price rose on 31 October 2002, gaining $0.02 (0.45%) against the previous session's close of $4.48.
At $4.50 per troy ounce, one gram of pure silver was worth about $0.14 on 31 October 2002. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 70.7 on 31 October 2002, meaning one ounce of gold was worth roughly 70.7 ounces of silver.
A week before 31 October 2002, silver was around $4.35 per troy ounce, so the close of $4.50 is a gain of 3.3% over the week.
It closed 12.01% below the highest close on record up to that date, which was set on 2002-06-04.