Silver Price Drops to US$ 61.58 per Troy Ounce (Wednesday, 24 June 2026)
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According to Investing.com records, silver price dropped 0.16% today to the level of US$ 61.58 per troy ounce. This price decline is relatively significant compared to the average price movement over the past week.
Silver recorded its highest weekly surge on Monday, 22 June 2026 at 1.72%. Meanwhile, trading since the start of the year continues to show a decline, with a year-to-date drop of 13.29%.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures - Drops to US$ 222.8 / 100 Kg (Tuesday, 23 June 2026))
Current conditions confirm the downward trend of silver prices over the last two trading days.
Over the past week, silver price movement recorded -12.04% growth, with an average daily transaction price of US$ 65.04 per troy ounce. Compared to the start of the year, silver has fallen 13.29%. Even from this year's peak price of US$ 115.15 per troy ounce, silver has declined by 46.52%.
On an annual basis, average silver trading prices have been on an upward trend over the past five years. Meanwhile, for monthly monitoring, transactions over the last 12 months also generally trended upwards. The highest average monthly silver price was recorded in January 2026 at US$ 93.97 per troy ounce.
According to records from the Ministry of Energy and Mineral Resources (ESDM), silver producing regions in Indonesia include Bengkalis Regency (Riau), Bontang City (East Kalimantan), Laut Island (South Kalimantan), Sambas Regency (West Kalimantan), and Bolaang Mongondow Regency (North Sulawesi).
(Read: Morning Copper Price Traded at US$ 6.12 per Pound (Tuesday, 23 June 2026))
Indonesia held 2.8 billion tons of silver ore reserves in 2020. These reserves are estimated to last for 214 years, until the year 2334.
"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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