Silver Price in 2002
In 2002, the price of silver averaged $4.60 per troy ounce, up 5.3% from the year before. This page covers the 2002 average, high, low, and year-end close, and what that silver would be worth in today's dollars.
2002 Average
$4.60
LBMA annual average, USD/oz
Change vs 2001
+5.3%
from $4.37 in 2001
2002 High
$5.15
from daily trading data
2002 Low
$4.23
from daily trading data
Year-End Close
$4.77
last trading day of 2002
Silver Price Chart, 1992 to 2012
Silver Price by Month in 2002
Each month's average of daily closing prices, with its high and low, per troy ounce. These come from MetalCharts daily spot data, so they can differ slightly from the annual average above, which is based on LBMA annual average data.
| Month | Average | High | Low |
|---|---|---|---|
| January 2002 | $4.50 | $4.87 | $4.23 |
| February 2002 | $4.44 | $4.62 | $4.24 |
| March 2002 | $4.54 | $4.70 | $4.45 |
| April 2002 | $4.57 | $4.74 | $4.41 |
| May 2002 | $4.72 | $5.06 | $4.52 |
| June 2002 | $4.89 | $5.14 | $4.66 |
| July 2002 | $4.90 | $5.15 | $4.57 |
| August 2002 | $4.52 | $4.73 | $4.32 |
| September 2002 | $4.55 | $4.69 | $4.43 |
| October 2002 | $4.40 | $4.57 | $4.25 |
| November 2002 | $4.50 | $4.67 | $4.38 |
| December 2002 | $4.63 | $4.85 | $4.38 |
What happened to the silver price in 2002
Silver averaged $4.60 per troy ounce in 2002, up 5.3% from $4.37 the year before. Daily trading data shows silver moved between a low of $4.23 and a high of $5.15 during the year, ending 2002 at $4.77.
The 2000s revived silver as an investment asset. The launch of the SLV exchange-traded fund in 2006 opened the metal to mainstream portfolios, and the financial crisis at the end of the decade rekindled safe-haven demand.
Adjusted for inflation, silver's 2002 average of $4.60 equals about $8.24 in today's dollars. The conversion uses US Bureau of Labor Statistics CPI-U annual averages, so treat it as a close approximation rather than an exact figure.
Frequently Asked Questions
What was the price of silver in 2002?
What is a 2002 silver price worth in today's dollars?
Annual averages are LBMA prices per troy ounce in US dollars. Where shown, the yearly high, low, and close come from MetalCharts daily historical data and may differ slightly from figures published elsewhere. Inflation adjustments use BLS CPI-U annual averages.