Silver Price Rises Toward US$85,632 /Troy Ounce (Thursday, March 12, 2026)

Investing.com recorded that today's silver price rose 1.08% to reach the level of US$85,632 per troy ounce. This price increase is quite high compared to the average price movement over the past week.

This week, silver prices saw their highest surge on Tuesday, March 10, 2026, at 6%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 20.58%.

(Read: Tsr20 Rubber Price - Rubber Tsr20 Futures - Rises Toward US$199 /100 Kg (Wednesday, March 11, 2026))

Current conditions are similar to the silver price movement over the last day, which is in an upward trend.

Over the past week, silver price movement grew by 2.94% with an average daily transaction price of US$84.72 per troy ounce. Compared to the price at the start of the year, this silver price has grown by 20.58%. Even from this year's highest price of US$115.15 per troy ounce, silver price has fallen by 25.63%.

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 tend to rise. The highest average monthly price of the silver commodity was recorded in January 2026 at US$93.97 per troy ounce.

(Read: Copper Price Rises Toward US$5.88 /Pound (Thursday, March 12, 2026))

Silver is a non-corrosive metal, so it is considered a precious metal with high market 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-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.