Distance from the record
This close sat 2.78% below the highest silver close recorded up to that date, set on 2002-06-04.
This page is a historical record of the silver price in 7 June 2002, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.971 per troy ounce on 7 June 2002, down $0.015 (0.30%) from the previous close of $4.986.
This close sat 2.78% below the highest silver close recorded up to that date, set on 2002-06-04.
Twelve months earlier silver traded around $4.323, making this a +14.99% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.97 per troy ounce on 7 June 2002. That is $0.01 lower than the previous close of $4.99, a move of -0.30%.
The silver price fell on 7 June 2002, losing $0.01 (0.30%) against the previous session's close of $4.99.
At $4.97 per troy ounce, one gram of pure silver was worth about $0.16 on 7 June 2002. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 65.3 on 7 June 2002, meaning one ounce of gold was worth roughly 65.3 ounces of silver.
A month before 7 June 2002, silver was around $4.62 per troy ounce, so the close of $4.97 is a gain of 7.6% over the month.
A year before 7 June 2002, silver was around $4.32 per troy ounce. The close of $4.97 therefore represents a rise of 15.0% over twelve months.
It closed 2.78% below the highest close on record up to that date, which was set on 2002-06-04.