Last Four Days, Silver Price Continues Rising
- A Small
- A Medium
- A Bigger
Investing.com recorded that silver price today rose 0.09% to reach US$ 57.557 per troy ounce. This price increase is relatively high compared to the average price movement over the past week.
Today's price movement is the highest recorded in the past week at 0.09%. Meanwhile, trading since the start of the year has continued to decline, with year to date growth down 18.95%.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures Falls Towards US$251.4 /100 Kg (Friday, 16 October 2026))
Current conditions cap off silver price movements over the last four days which are currently on a downward trend.
Over the past week, silver price movement grew -5.98% with an average daily transaction price of US$57.92 per troy ounce. Meanwhile compared to positions 30 days ago, silver price movement has recorded -10.26% growth. Even from its highest price this year at US$115.15 per troy ounce, silver price has fallen by 50.01%.
On an annual basis, the average silver trading price over the last five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the last 12 months have tended to contract. The highest monthly average price for the silver commodity was recorded in January 2026 at US$93.97 per troy ounce.
Factors Affecting Silver Price
Silver has two roles: a safe haven asset similar to gold, as well as an industrial metal for solar panels and electronics. Therefore its price is affected by economic uncertainty, interest rate directions, solar energy demand, and the gold-silver ratio.
What is Silver and Why is its Price Monitored?
(Read: Copper Price Rises For Three Consecutive Days)
Silver is a globally traded precious metal that often moves in line with gold. Aside from jewellery and investment purposes, its industrial demand is increasing along with the expansion of solar energy and electronics.
Why Can Silver Price Rise or Fall Today?
Daily silver prices are influenced by gold movements, US central bank interest rate directions, US dollar strength, and industrial demand such as for solar panels. Over the last 30 days, the silver price trend has tended to decline (weakening).
At the Aichi-Nagoya 2026 Asian Games, the Indonesian contingent has secured one silver medal from the teqball sport. as reported by Katadata "one silver medal and five bronze medals" have been collected by the Indonesian team as of Monday (21/9).
To date, pure silver is still subject to 12% VAT, unlike gold bullion which has been exempted from this tax. as reported by Katadata "this differing tax treatment makes the silver industry less competitive compared to gold bullion."
"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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| Economic growth | 5,11% | +0.08 | |
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