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Silver Prices Continue to Rise Over the Past Six Days

Agus Dwi Darmawan 29/11/2023 10:44 WIB

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Silver Prices Over the Past Three Months

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Silver Prices Continue to Rise Over the Past Six Days

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Silver Prices Over the Past Three Months

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Silver prices rose for transactions on Wednesday, November 29, 2023. Today's silver price trading was recorded at US$25.19 per troy ounce. This figure is higher than the previous day's trading, which was at US$24.93 per troy ounce. The current situation completes the upward trend in silver prices over the past six days.

Over the past week, silver prices have grown by 5.53 percent, with an average daily transaction price of US$24.42 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), silver prices have risen by 3.54 percent. However, from its highest price this year at US$26.36 per troy ounce, the price of silver has fallen by 4.43 percent.

Annually, the average silver price trading over the past five years has shown an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to increase. The highest average monthly price for silver was recorded in April 2023 at US$25.19 per troy ounce.

The Ministry of Energy and Mineral Resources (ESDM) also notes that Indonesia had silver ore reserves of 2.8 billion tons in 2020. These reserves are estimated to last 214 years (until 2234).

Several silver-producing regions in Indonesia include Bengkalis Regency (Riau), Bontang City (East Kalimantan), Pulau Laut (South Kalimantan), Sambas Regency (West Kalimantan), and Bolaang Mongondow Regency (North Sulawesi).

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Silver Prices Continue to Rise Over the Past Six Days

Silver Prices Continue to Rise Over the Past Six Days

Silver Prices Continue to Rise Over the Past Six Days

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Silver Prices Continue to Rise Over the Past Six Days

Silver Prices Continue to Rise Over the Past Six Days

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