Silver Price This Morning Traded at US$28.598 per Troy Ounce (Tuesday, September 10, 2024)
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Investing.com notes that the price of silver today fell 0.31 percent to US$28.598 per troy ounce. This price drop is relatively significant compared to the average price movement over the past week.
This week, silver prices saw their highest surge on Monday, September 9, 2024, at 1.36 percent. It has strengthened by 18.91 percent compared to its year-to-date position.
The current situation is similar to the silver price movement in the last 24 hours, which is currently in a downward trend.
Over the past week, silver price movement grew by -1.04 percent, with an average daily transaction price of US$28.54 per troy ounce. Compared to the price at the beginning of the year, the silver price has grown by 18.91 percent. Even from its highest price this year at US$30.453 per troy ounce, the silver price has fallen by 6.09 percent.
Annually, the average trading price of silver over the past 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 of silver was recorded in August 2024 at US$29 per troy ounce.
In 2020, Indonesia recorded silver ore reserves of 2.8 billion tons. The lifespan of these reserves is estimated to be up to 214 years (until 2234).
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).
"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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