Distance from the record
This close sat 14.71% 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 8 October 2002, not the current price.See today's silver price (11 September 2026)
Lowest closing price since 7 February 2002
Silver closed at $4.361 per troy ounce on 8 October 2002, down $0.077 (1.74%) from the previous close of $4.438.
This close sat 14.71% below the highest silver close recorded up to that date, set on 2002-06-04.
Twelve months earlier silver traded around $4.650, making this a -6.22% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.36 per troy ounce on 8 October 2002. That is $0.08 lower than the previous close of $4.44, a move of -1.74%.
The silver price fell on 8 October 2002, losing $0.08 (1.74%) against the previous session's close of $4.44.
At $4.36 per troy ounce, one gram of pure silver was worth about $0.14 on 8 October 2002. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 73.0 on 8 October 2002, meaning one ounce of gold was worth roughly 73.0 ounces of silver.
A week before 8 October 2002, silver was around $4.50 per troy ounce, so the close of $4.36 is a loss of 3.1% over the week.
It closed 14.71% below the highest close on record up to that date, which was set on 2002-06-04.