Silver Price Drops to US$63.048 /Troy Ounce (Monday, 28 September 2026)
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Silver price for Monday, 28 September 2026 transactions fell. Today's silver trading price is recorded at US$63.048 per troy ounce. This figure is lower than the previous trading day which stood at US$64.147 per troy ounce. This current condition completes the silver price movement over the last two days which is on a declining trend.
Over the past week, silver price movement recorded -5.65% growth, with an average daily transaction price of US$64.84 per troy ounce. As a result throughout 2026, silver price has fallen 11.22% from its start of year position at US$71.015 per troy ounce. Even from this year's highest price at US$115.15 per troy ounce, silver price has dropped by 45.25%.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures Drop to US$253.2 /100 Kg (Friday, 25 September 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 rise. The highest recorded monthly average price for 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. 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. Aside from jewellery and investment purposes, its industrial demand is increasing along with the expansion of solar energy and electronics.
Why Can Silver Price Rise or Fall Today?
(Read: Copper Price Drops to US$6.78 /Pound (Friday, 25 September 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, the silver price trend has tended to decline (weakening).
Medal wins at the Aichi-Nagoya 2026 Asian Games returned to public attention this week. as reported by Katadata "one silver medal and five bronze medals" have currently been collected by the Indonesian contingent from the event.
Currently pure silver is still subject to 12% VAT, unlike gold bullion which already receives VAT exemption facilities. 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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