Silver Price Rises for Three Consecutive Days
- A Small
- A Medium
- A Bigger
Silver price for Friday, 18 September 2026 transactions increased. Today's silver trading price was recorded at US$66.255 per troy ounce. This figure is higher than the previous trading day which stood at US$65.912 per troy ounce. Current conditions are similar to silver price movements over the last three days which are on a downward trend.
Over the past week, silver price movement grew by 2.05% with an average daily transaction price of US$64.96 per troy ounce. Calculations from Katadata Insight Center (KIC) show that year-to-date (ytd), this silver price has fallen by -6.7%. Meanwhile, throughout 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.
Annually, the average silver trading price over the last five years is on an upward trend. Meanwhile, for monthly price monitoring, transactions over the past 12 months have tended to rise. The highest monthly average price for the 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. Besides jewellery and investment, its industrial demand is increasing along with the expansion of solar energy and electronics.
Why Can Silver Price Rise or Fall Today?
(Read: International Paddy Price at IDR 5644.8 per Kg (Thursday, 17 September 2026))
Daily silver prices are 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).
Currently pure silver is still subject to 12% VAT, unlike gold bullion which is already exempt from this tax. as reported by Katadata "this difference in tax treatment makes the silver industry less competitive compared to gold bullion."
Global silver prices recorded a sharp surge throughout this year. as reported by Katadata "silver prices have even jumped 74.31% year to date (ytd)". This surge has prompted Antam to start developing the silver commodity business.
"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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