Silver Price Drops Toward US$76,423 /Troy Ounce (Wednesday, April 08, 2026)

Investing.com recorded that today's silver price fell 0.48% to the level of US$76,423 per troy ounce. This price drop is quite high compared to the average price movement in the last week.

The highest jump in silver price this week occurred on Tuesday, April 07, 2026, reaching 5.41%. It has strengthened by 7.62% compared to its position at the start of the year.

(Read: Copper Price This Morning Traded at US$5.68 /Pound (Wednesday, April 08, 2026))

Current conditions are similar to the silver price movement in the last day, which is in a declining trend.

Over the last week, silver price movement rose 2.01% with an average daily transaction price of US$74.29 per troy ounce. According to calculations by the Katadata Insight Center (KIC), year-to-date (ytd), the silver price has increased by 7.62%. Even from its highest price this year at US$115.15 per troy ounce, the silver price has fallen 33.63%.

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

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Silver is a type of 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 from Statista, Mexico is the world's largest silver-producing country. Silver production in that country reached 178.1 million ounces in 2020.

Indonesia ranks 16th as the world's largest silver-producing country. It is recorded that silver production in the country reached 8.3 million ounces last year.