Last Three Days, Silver Price Continued Rising
- A Small
- A Medium
- A Bigger
Silver price for Tuesday, 06 October 2026 transactions increased. Today's silver trading price was recorded at US$61.44 per troy ounce. This figure is higher than the previous trading day which stood at US$61.237 per troy ounce. Current conditions mirror silver price movements over the last three days which are on a downward trend.
Over the past week, silver price movement grew -0.45% with an average daily transaction price of US$60.99 per troy ounce. Meanwhile compared to the position 30 days ago, silver price movement has recorded -6.01% growth. Even from this year's highest price of US$115.15 per troy ounce, silver prices have fallen by 46.64%.
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 past 12 months have tended to contract. The highest monthly average price for the silver commodity was ever 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?
Silver is a globally traded precious metal that often moves in line with gold. Besides jewellery and investment, industrial demand for silver is increasing alongside the expansion of solar energy and electronics.
Why Can Silver Prices 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, silver price trends have tended to decline (weakening).
At the Aichi-Nagoya 2026 Asian Games, the Indonesian contingent recorded provisional medal wins. as reported by Katadata the team had collected "one silver medal and five bronze medals" as of Monday (21/9).
Pure silver is currently still subject to 12% VAT, unlike the treatment applied to gold bullion. 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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