Silver Price Traded at US$80.84/Troy Ounce This Morning (Monday, March 09, 2026)

Investing.com recorded that today's silver price fell 1.5% to the level of US$80.84 per troy ounce. This price drop is quite high compared to the average price movement in the last week.

Today's price movement is the largest drop this week at 1.5%. Meanwhile, trading since the start of the year has strengthened with a year-to-date growth of 13.84%.

(Read: Tsr20 Rubber Price - Rubber Tsr20 Futures - Traded at US$198.4/100 Kg This Morning (Friday, March 06, 2026))

Current conditions complete the silver price movement in the last two days which has been in an uptrend.

In the last week, silver price movement grew -15.95% with an average daily transaction price of US$83.56 per troy ounce. As a result, throughout 2026, the silver price has risen 13.84% from the start-of-year level of US$71.015 per troy ounce. Meanwhile, so far this year, the highest trading value for the silver commodity was transacted at US$115.15 per troy ounce which occurred on Monday, January 26, 2026.

Annually, the average silver trading price over the last five years has been on an uptrend. 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 Falls to US$5.65/Pound Level (Sunday, March 08, 2026))

Silver is a type of non-corrosive metal so it is considered a precious metal with a 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 Statista, Mexico is the world's largest silver-producing country. Silver production in that country reached 178.1 million ounces in 2020.

Meanwhile, 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.