Distance from the record
This close sat 7.51% 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 7 May 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.729 per troy ounce on 7 May 2003, down $0.058 (1.21%) from the previous close of $4.787.
This close sat 7.51% below the highest silver close recorded up to that date, set on 2002-06-04.
Twelve months earlier silver traded around $4.618, making this a +2.40% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.73 per troy ounce on 7 May 2003. That is $0.06 lower than the previous close of $4.79, a move of -1.21%.
The silver price fell on 7 May 2003, losing $0.06 (1.21%) against the previous session's close of $4.79.
At $4.73 per troy ounce, one gram of pure silver was worth about $0.15 on 7 May 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 72.3 on 7 May 2003, meaning one ounce of gold was worth roughly 72.3 ounces of silver.
A month before 7 May 2003, silver was around $4.42 per troy ounce, so the close of $4.73 is a gain of 7.0% over the month.
It closed 7.51% below the highest close on record up to that date, which was set on 2002-06-04.