Silver Price Rises Toward US$89.485 /Troy Ounce (Tuesday, March 10, 2026)

Investing.com records that today's silver price rose 2.04% to the level of US$89.485 per troy ounce. This price increase is quite high compared to the average price movement over the past week.

Throughout this week, silver prices saw their highest jump on Monday, March 09, 2026, at 6.86%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 26.01%.

(Read: Tsr20 Rubber Price - Rubber Tsr20 Futures - Traded at US$195 /100 Kg This Morning (Monday, March 09, 2026))

Current conditions complete the silver price movement over the last two days, which has been in an uptrend.

Over the past week, silver price movement grew 0.71% with an average daily transaction price of US$84.63 per troy ounce. Meanwhile, compared to the price at the start of the year, this silver price has grown 26.01%. Even from its highest price this year at US$115.15 per troy ounce, silver price has fallen 22.29%.

Annually, the average trading price of silver over the last five years has been in an uptrend. 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 Falls Toward US$5.88 /Pound (Tuesday, March 10, 2026))

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 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.