Distance from the record
This close sat 10.73% below the highest silver close recorded up to that date, set on 2000-08-31.
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This page is a historical record of the silver price in 7 March 2002, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.466 per troy ounce on 7 March 2002, down $0.050 (1.11%) from the previous close of $4.516.
Notable session: lowest close of the month.
This close extended a run of 4 consecutive sessions of losses. Runs are more informative than any one day inside them: they show direction holding rather than a single session's noise.
This close sat 10.73% below the highest silver close recorded up to that date, set on 2000-08-31.
Twelve months earlier silver traded around $4.428, making this a +0.86% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.47 per troy ounce on 7 March 2002. That is $0.05 lower than the previous close of $4.52, a move of -1.11%.
The silver price fell on 7 March 2002, losing $0.05 (1.11%) against the previous session's close of $4.52.
At $4.47 per troy ounce, one gram of pure silver was worth about $0.14 on 7 March 2002. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 65.0 on 7 March 2002, meaning one ounce of gold was worth roughly 65.0 ounces of silver.
This close was session 4 of a consecutive run of losses. A run is counted by closes, so an intraday reversal that still closed in the same direction does not break it.
It closed 10.73% below the highest close on record up to that date, which was set on 2000-08-31.