Silver Price Rises Towards US$69,427 per Troy Ounce (Wednesday, 26 August 2026)
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Silver trading price rose on Wednesday, 26 August 2026. Today silver trade is recorded at US$69,427 per troy ounce. This value is higher than the previous trading day which stood at US$68,747 per troy ounce. This condition extends the upward price trend observed over the last two trading days.
Over the past week, silver price has increased by 8.42%, with an average daily transaction price of US$68.51 per troy ounce. Compared to 30 days prior, silver price has grown by 15.14%. So far this year, the highest trading value for silver commodity was recorded at US$115.15 per troy ounce on Monday, 26 January 2026.
(Read: TSR20 Rubber Price - Rubber TSR20 Futures Drops Towards US$233.4 / 100 Kg (Tuesday, 25 August 2026))
On an annual basis, the average silver trading price over the past five years follows an upward trend. Meanwhile, for monthly monitoring, transactions over the last 12 months also show a general upward tendency. The highest monthly average silver commodity price was recorded in January 2026 at US$93.97 per troy ounce.
Factors Affecting Silver Price
Silver has dual characteristics: it functions as a safe haven asset similar to gold, while also serving as an industrial metal for solar panels and electronics. Therefore its price is influenced 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 generally moves in correlation with gold. Besides jewellery and investment uses, industrial demand for silver is rising alongside the expansion of solar energy and electronics industries.
Why Do Daily Silver Prices Rise or Fall?
Daily silver prices are affected by gold price movements, US central bank interest rate policy, US Dollar strength, and industrial demand such as for solar panels. Over the last 30 days, silver price has shown an upward trend.
Pure silver currently remains subject to 12% VAT, unlike gold bullion which is granted VAT exemption. As reported by Katadata "this differing tax treatment makes the silver industry less competitive compared to gold bullion."
This year's global silver price surge has caught the attention of domestic mining operators. PT Antam is now boosting its silver business line; per Katadata reporting "global silver prices have already jumped 74.31% year to date (ytd)".
"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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