Price of Silver in 2003

The price of silver in 2003 was impacted predominantly by investment and fabrication demand.

The charts below show the price of silver in 2003 and the spot price fluctuations that occurred throughout the year.

Silver Prices 2003 Chart

What Impacted Silver Prices in 2003?

In 2003, the average price of silver was $4.85 per ounce, a 5.4% rise from 2002.

Silver values fell in the first three months of the year. On March 21, the yearly low was $4.35. The price after that fluctuated between $4.50 and $5.00, with increases seen in the last two months of the year. On December 30, the yearly high was $5.99 before closing on December 31 at $5.97.

Silver’s price increase was driven by a significant increase in investment interest and a surge in fabrication demand that began in the third quarter.

Daily Silver Prices (Chart)

To find the daily prices for Silver in this year, use the date filters in the chart above.

The information provided here is for educational purposes only and should not be used for speculation and investment purposes. CanAm does not guarantee that the prices shown here are correct, up-to-date, or complete, and we are not responsible for inaccuracies or omissions in this price data.

Is Silver a Good Investment?

In the current economic climate, silver investment is certainly a good option. Silver is grossly undervalued based on the historical ratio of gold to silver, historical price trends, widespread geopolitical risks, and weak economic indicators.

Silver is in high demand in the industrial sector, which supports its price, and since 1990, mine production has fallen short of industrial and commercial demand, driving up the price of silver as well.

Buying silver rounds, coins and bars could be an excellent way to make a profit in the medium and long term. It’s also a good way to protect your money from systemic risks that could bring down the financial system.

Whether you buy silver coins or silver bars is really a matter of personal preference. Coins are often considered legal tender, while bars aren’t recognized as such. On the other hand, bars are much larger, making them a more valuable long-term investment based on weight.

Buy Silver Online with CanAm

Silver has traditionally been viewed as a way to safeguard your wealth, despite the fact that its price fluctuates wildly based on the economy, demand, and supply.

Whether you are a novice or an experienced investor, investing in silver is an excellent way to diversify your portfolio. CanAm recognizes that investing in precious metals is a significant choice. We accurately and fairly price our silver to ensure that you receive the best deal, and we always go above and above for our customers.