Morning Silver Price Traded at US$52.818 /Troy Ounce (Thursday, 05 November 2026)
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Silver price for Thursday, 05 November 2026 transactions increased. Today's silver trading price is recorded at US$52.818 per troy ounce. This figure is higher than the previous trading day which stood at US$52.33 per troy ounce. This current condition concludes the silver price movement over the past two days which had been on a downward trend.
Over the past week, silver price movement grew by -1.58% with an average daily transaction price of US$51.03 per troy ounce. Meanwhile compared to the position 30 days ago, silver price movement has recorded a -13.66% change. For this year to date, the highest trading value for the silver commodity was ever transacted at US$115.15 per troy ounce, which occurred on Monday, 26 January 2026.
(Read: Copper Price Rises Towards US$6.42 /Pound (Thursday, 05 November 2026))
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 decline. The highest recorded monthly average price for the silver commodity was noted 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 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 being used for jewellery and investment, its industrial demand is increasing along with the expansion of solar energy and electronics.
Why Can Today's Silver Price Rise or Fall?
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 won one silver medal from the women's teqball branch. as reported by Katadata "one silver medal and five bronze medals" have been collected by the national team as of Monday (21/9).
Currently, pure silver is subject to 12% VAT, unlike gold bullion which has been exempted from the same tax. as reported by Katadata "this difference in 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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