Last Three Days, Silver Price Continues Decline
- A Small
- A Medium
- A Bigger
Silver price for Friday, 23 October 2026 transactions declined. Today's silver trading price was recorded at US$54.12 per troy ounce. This figure is lower than the previous trading day which stood at US$54.61 per troy ounce. Current conditions mirror the silver price movement over the last three days which is on a downward trend.
Over the past week, silver price movement recorded -5.31% growth, with an average daily transaction price of US$56.65 per troy ounce. Meanwhile compared to prices at the start of the year, this silver price has recorded -23.79% growth. Even from its highest price this year at US$115.15 per troy ounce, silver price has fallen by 53%.
(Read: Latest Crypto Movement, Bitcoin Records 3.61% Change)
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 tend to decline. 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. As such, its price is influenced 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 purposes, its industrial demand is increasing alongside the expansion of solar energy and electronics.
Why Can Silver Price Rise or Fall Today?
(Read: US Soybeans Two-Month Futures Price Falls Towards US$1243.5 /Bushel (Thursday, 22 October 2026))
Daily silver price is 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 trend has tended to decline (weakening).
At the Aichi-Nagoya 2026 Asian Games, the Indonesian contingent has collected a number of medals. as reported by Katadata "one silver medal and five bronze medals" have been temporarily won as of Monday (21/9).
Differential tax treatment is suppressing the competitiveness of the domestic silver industry. as reported by Katadata "this differential 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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| Inflasi yoy (Sep) | 3,28% | +0.09 | |
| Inflasi mom (Agu) | 0,21% | +0.35 | |
| Economic growth | 5,11% | +0.08 | |
| Pertumbuhan ekonomi (yoy) (Q1) | 5,61% | +4.08 | |
| Persentase kemiskinan (Mar) | 8,07% | -0.18 | |
| Gini rasio (Sem2) | 0,38 | 0.00 | |
| Nilai Tukar USDIDR | 18.071 | +0.41 | |
| PDB ADHK (Q2) | 3.576,20 | +3.73 | |
| Ekspor Migas (Agu) | 992,20 | +25.98 | |
| Neraca perdagangan (Agu) | 3,55 | +2,814.03 | |
| Impor Migas (Agu) | 3,53 | -6.37 | |
| Ekspor (Agu) | 26,61 | +1.51 | |
| Impor (Agu) | 23,06 | -11.63 | |
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