Silver Price Trades at US$74.83/Troy Ounce in the Morning (Wednesday, April 01, 2026)

Investing.com recorded that today's silver price fell 0.48% to the level of US$74.83 per troy ounce. This price drop is quite high compared to the average price movement over the past week.

Throughout this week, silver prices saw their highest jump on Tuesday, March 31, 2026, at 6.55%. It has strengthened by 5.37% compared to its position at the start of the year.

(Read: Rubber Tsr20 Price - Rubber Tsr20 Futures - Rises to US$203.4/100 Kg Level (Monday, March 30, 2026))

Current conditions are similar to the silver price movement over the last day, which is in a downward trend.

Over the past week, silver price movement rose 7.95% with an average daily transaction price of US$71.21 per troy ounce. According to calculations by the Katadata Insight Center (KIC), over the year-to-date (ytd), silver prices have risen 5.37%. 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 trading price of silver over the last five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions over 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$5.63/Pound Level (Wednesday, April 01, 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 popular as a raw material for various products, such as jewelry.

Citing 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.