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Silver Price in 2003 | Historical Silver Prices

Annual summary, monthly averages, and key events that shaped silver prices in 2003

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Jan 1

$4.79

Opening Price

Dec 31

$5.97

Closing Price

Year High

$6.00

Annual High

Year Low

$4.50

Annual Low

Annual Avg

$4.88

Average Price

vs 2002

+24.6%

Annual Change

Monthly Silver Price Chart — 2003

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Low: $4.55High: $5.97

Monthly Average Silver Prices — 2003

MonthAvg Price (USD/oz)vs Prev Month
Jan 2003$4.55-5.0%
Feb 2003$4.60+1.1%
Mar 2003$4.72+2.6%
Apr 2003$4.65-1.5%
May 2003$4.75+2.2%
Jun 2003$4.60-3.2%
Jul 2003$4.88+6.1%
Aug 2003$5.10+4.5%
Sep 2003$5.20+2.0%
Oct 2003$5.50+5.8%
Nov 2003$5.75+4.5%
Dec 2003$5.97+3.8%

What Happened to Silver in 2003?

Silver jumped 25% in 2003 as the Iraq War drove safe-haven demand, the US dollar fell sharply, and the commodity supercycle gained momentum. Warren Buffett had disclosed large silver holdings in 1998, which remained a backstory in investor discussions. Chinese industrial demand began to structurally shift commodity markets.

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