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Silver Price in 2002 | Historical Silver Prices

Annual summary, monthly averages, and key events that shaped silver prices in 2002

- 200120022003 -

Jan 1

$4.52

Opening Price

Dec 31

$4.79

Closing Price

Year High

$5.10

Annual High

Year Low

$4.22

Annual Low

Annual Avg

$4.60

Average Price

vs 2001

+6%

Annual Change

Monthly Silver Price Chart — 2002

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $4.38High: $5.00

Monthly Average Silver Prices — 2002

MonthAvg Price (USD/oz)vs Prev Month
Jan 2002$4.55+0.7%
Feb 2002$4.38-3.7%
Mar 2002$4.58+4.6%
Apr 2002$4.65+1.5%
May 2002$4.72+1.5%
Jun 2002$4.95+4.9%
Jul 2002$5.00+1.0%
Aug 2002$4.90-2.0%
Sep 2002$4.80-2.0%
Oct 2002$4.70-2.1%
Nov 2002$4.75+1.1%
Dec 2002$4.79+0.8%

What Happened to Silver in 2002?

Silver began recovering in 2002 as the US dollar weakened following the stock market decline and the beginning of Fed rate cuts. The early stages of the commodity supercycle emerged, with Chinese industrial demand beginning to influence metals markets. Inflation expectations began drifting higher.

Browse All Years

2000-13.8%2001-1.1%2002+6%2003+24.6%2004+13.4%2005+30.5%2006+46.1%2007+14.4%2008-24.6%2009+55.8%2010+83.4%2011-8%2012+6.3%2013-34.9%2014-18.1%2015-13.5%2016+15.7%2017+0.1%2018-3.4%2019+15.4%2020+47.9%2021-11.6%2022+2.7%2023+2.8%2024+19%2025+6.4%2026+3.1%

Related Pages

Live Silver PriceAll Historical YearsGold Price HistoryGold/Silver Ratio