Silver Price This Evening Traded at US$ 28,585 per Troy Ounce (Thursday, September 5, 2024)
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Silver prices for Thursday, September 5, 2024, decreased. Today's silver price traded at US$ 28.585 per troy ounce. This is lower than the previous day's trade, which was at US$ 28.608 per troy ounce. This current condition is similar to the silver price movement in the last day, which has been on an upward trend.
Over the past week, silver prices have grown by -3.52 percent, with an average daily transaction price of US$ 28.97 per troy ounce. Compared to its position 30 days ago, the silver price has grown by 26.52 percent. The highest trade value for silver this year was recorded at US$ 30.453 per troy ounce, which occurred on Monday, August 26, 2024.
Annually, the average silver price trade over the last five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in the last 12 months have tended to increase. The highest average monthly price for silver was recorded in August 2024 at US$ 29 per troy ounce.
According to records from the Ministry of Energy and Mineral Resources (ESDM), some silver-producing areas in Indonesia include Bengkalis Regency (Riau), Bontang City (East Kalimantan), Pulau Laut (South Kalimantan), Sambas Regency (West Kalimantan), and Bolaang Mongondow Regency (North Sulawesi).
Indonesia had silver ore reserves of 2.8 billion tons in 2020. The lifespan of these reserves is estimated to be up to 214 years (until 2234).
"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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