Silver Price Trades at US$93.8 /Troy Ounce in the Morning (Monday, March 02, 2026)

Investing.com records that today's silver price fell 2.47% to the level of US$93.8 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 decline in the last week at 2.47%. Meanwhile, trading since the start of the year has strengthened with a year-to-date (YTD) growth of 32.08%.

(Read: Copper Price Rises to US$6.06 /Pound Level (Monday, March 02, 2026))

Current conditions are similar to the silver price movement in the last day, which is in an uptrend.

Over the last week, silver price movement rose 7.88% with an average daily transaction price of US$90.98 per troy ounce. According to calculations by the Katadata Insight Center (KIC), year-to-date (YTD), the silver price has risen 32.08%. Meanwhile, so far this year, the highest trading value for the silver commodity was transacted at US$115.15 per troy ounce on Monday, January 26, 2026.

Annually, the average trading price of silver over the last five years is in 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 March 2026 at US$94.99 per troy ounce.

(Read: US Soybeans Futures - Two-Month Contract Rises to US$1,170.75 /Bushel Level (Friday, February 27, 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.

Quoting from 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.