Silver Price Drops Toward US$88,567 /Troy Ounce (Wednesday, March 11, 2026)

Silver prices for transactions on Wednesday, March 11, 2026, fell. Today's silver trading price was recorded at US$88,567 per troy ounce. This figure is lower than the previous day's trading price of US$88,71 per troy ounce. The current condition is similar to the movement of silver prices in the last day, which was in an upward trend.

Over the past week, silver price movements have grown by 6.1% with an average daily trading price of US$84,79 per troy ounce. Meanwhile, compared to the price at the beginning of the year, this silver price has grown by 24.72%. So far this year, the highest trading value for the silver commodity was transacted at US$115.15 per troy ounce, which occurred on Monday, January 26, 2026.

(Read: Rubber Tsr20 Price - Rubber Tsr20 Futures - Traded at US$197.7 /100 Kg This Morning (Tuesday, March 10, 2026))

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

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 popular 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.

(Read: Copper Price Traded at US$5.93 /Pound This Morning (Wednesday, March 11, 2026))

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.