Distance from the record
This close sat 8.67% below the highest silver close recorded up to that date, set on 2003-09-11.
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This page is a historical record of the silver price in 8 October 2003, not the current price.See today's silver price (11 September 2026)
Silver closed at $4.865 per troy ounce on 8 October 2003, down $0.010 (0.21%) from the previous close of $4.875.
This close sat 8.67% below the highest silver close recorded up to that date, set on 2003-09-11.
Twelve months earlier silver traded around $4.361, making this a +11.56% move year on year.
Figures in this section are shown in USD, independent of the currency selected above.
Silver closed at $4.86 per troy ounce on 8 October 2003. That is $0.01 lower than the previous close of $4.88, a move of -0.21%.
The silver price fell on 8 October 2003, losing $0.01 (0.21%) against the previous session's close of $4.88.
At $4.86 per troy ounce, one gram of pure silver was worth about $0.16 on 8 October 2003. A troy ounce is 31.1034768 grams.
The gold-to-silver ratio closed at about 77.2 on 8 October 2003, meaning one ounce of gold was worth roughly 77.2 ounces of silver.
A week before 8 October 2003, silver was around $5.06 per troy ounce, so the close of $4.86 is a loss of 3.8% over the week.
It closed 8.67% below the highest close on record up to that date, which was set on 2003-09-11.