Silver Price Fell Over The Last Three Days
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Silver price for transactions on Tuesday, 29 September 2026 fell. Today's silver trading price was recorded at US$61.028 per troy ounce. This figure is lower than the previous trading day which stood at US$61.178 per troy ounce. The current condition follows the silver price movement over the last three days which is on a downward trend.
Over the past week, silver price movement recorded a -8.11% change, with an average daily transaction price of US$63.81 per troy ounce. As a result throughout 2026, silver price has fallen 14.06% from its position at the start of the year at the US$71.015 per troy ounce level. Meanwhile this year, the highest trading value for the silver commodity was ever transacted at US$115.15 per troy ounce, which occurred on Monday, 26 January 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 the silver commodity was 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. Besides being used for jewellery and investment, industrial demand for silver is increasing along with the expansion of solar energy and electronics.
Why Can Silver Price Rise Or Fall Today?
(Read: Paper Sandpaper Price Index Stable At 0.00% In July 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 past 30 days, the silver price trend has tended to decline (weakening).
Medal acquisition developments for the Indonesian contingent at the Aichi-Nagoya 2026 Asian Games continue. as reported by Katadata "one silver medal and five bronze medals" have been temporarily collected on Monday (21/9) from sports ranging from wushu to teqball.
Until now, pure silver is still subject to 12% VAT, and does not receive the same tax facilities as gold bullion. 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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