Silver Price This Morning Traded at US$33,283 /Troy Ounce (Friday, May 23, 2025)
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Investing.com notes that the price of silver today rose 0.3% to US$33.283 per troy ounce. This price increase is relatively high compared to the average price movement over the last week.
This week, silver prices saw their highest surge on Tuesday, May 20, 2025, reaching 2.05%. It has strengthened by 13.32% 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 prices have grown by 1.85%, with an average daily transaction price of US$32.97 per troy ounce. Compared to its position 30 days ago, the price of silver has grown by 3.05%. Even from its highest price this year at US$34.905 per troy ounce, the price of silver has fallen by 4.65%.
Annually, the average trading price of silver over the last five years has been in 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 March 2025 at US$33.67 per troy ounce.
According to records from the Ministry of Energy and Mineral Resources (ESDM), some silver-producing regions 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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