Silver Price This Morning Traded at US$73.04 /Troy Ounce (Tuesday, March 31, 2026)

Investing.com recorded that today's silver price rose 4.3% to the level of US$73.04 per troy ounce. This price increase is quite high compared to the average price movement in the last week.

Today's price movement is the highest this week at 4.3%. It has strengthened by 2.85% compared to the beginning of the year.

(Read: Tsr20 Rubber Price - Rubber Tsr20 Futures - Drops to US$200 /100 Kg Level (Monday, March 30, 2026))

Current conditions reverse the silver price movement of the last two days which was in a downward trend.

Over the past week, silver price movement has grown 5.69% with an average daily transaction price of US$70.03 per troy ounce. Meanwhile, compared to the price at the start of the year, this silver price has grown 2.85%. Even from its highest price this year at US$115.15 per troy ounce, silver price has fallen 36.57%.

Annually, the average trading price of silver over the last five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions in 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 This Morning Traded at US$5.47 /Pound (Tuesday, March 31, 2026))

Silver is one type of non-corrosive metal so it is considered a precious metal with 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 from 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.