Silver Price Drops to US$53.182 per Troy Ounce (Tuesday, 10 November 2026)
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Silver price for trading on Tuesday, 10 November 2026 has decreased. Today's silver trading price is recorded at US$53.182 per troy ounce. This figure is lower than the previous trading day which stood at US$53.458 per troy ounce. Current conditions follow the silver price movement over the last day which is on a downward trend.
Over the past week, silver price movement grew by 4.51% with an average daily transaction price of US$52.09 per troy ounce. Meanwhile compared to the position 30 days ago, silver price movement has recorded a -13.65% growth. Even from this year's peak price of US$115.15 per troy ounce, silver prices have fallen by 53.81%.
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 decline. The highest recorded monthly average price for silver commodity was recorded in January 2026 at US$93.97 per troy ounce.
Factors Affecting Silver Prices
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 along with the expansion of solar energy and electronics.
Why Can Silver Prices Rise or Fall Today?
(Read: Steel Sheet and Plate Construction Price Index Rose 0.58% to 102.27 Level in September 2026)
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 competed sports branches. as reported by Katadata "The silver medal was contributed by women's teqball athlete Sumaya, after competing in the women's singles final at Nagoya City Higashi Sports Center."
Currently, pure silver is still subject to 12% VAT, unlike gold bullion which is already tax exempt. 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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