Silver Price Drops Toward US$72.924 /Troy Ounce (Thursday, April 02, 2026)

Investing.com recorded that today's silver price fell 4.15% to the level of US$72.924 per troy ounce. This price drop is quite high compared to the average price movement in the last week.

Throughout this week, silver prices experienced their highest jump on Tuesday, March 31, 2026, at 6.16%. It has strengthened by 2.69% compared to the beginning of the year position.

(Read: Copper Price Traded at US$5.58 /Pound This Morning (Thursday, April 02, 2026))

The current condition is similar to the silver price movement in the last day, which is in a declining trend.

In the last week, silver price movement rose 0.73% with an average daily transaction price of US$71.42 per troy ounce. As a result, throughout 2026, silver prices have risen 2.69% from the beginning of the year level of US$71.015 per troy ounce. Meanwhile, so far this year, the highest trading value for silver commodities was transacted at US$115.15 per troy ounce on Monday, January 26, 2026.

Annually, the average silver trading price over the last five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months tend to rise. The highest average monthly price of silver commodities was recorded in January 2026 at US$93.97 per troy ounce.

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Silver is a non-corrosive metal, so it is considered a precious metal with a high selling value. Although its price is still far below gold, silver is often favored as a raw material for various products, such as jewelry.

Quoting Statista, Mexico is the world's largest silver producer. Silver production in that country reached 178.1 million ounces in 2020.

Meanwhile, Indonesia ranks 16th as the world's largest silver producer. It is recorded that silver production in the country was 8.3 million ounces last year.