Silver Prices Rise to US$31,074 per Troy Ounce (Friday, September 13, 2024)
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Silver prices rose in transactions on Friday, September 13, 2024. Today's silver price traded at US$31.074 per troy ounce. This is higher than the previous day's trade, which was at US$30.107 per troy ounce. This current condition is similar to the silver price movement over the past three days, which has been in a declining trend.
Over the past week, silver prices have grown by 6.79 percent, with an average daily transaction price of US$29.12 per troy ounce. As a result, throughout 2024, the price of silver has increased by 29.21 percent from its year-start position of US$24.05 per troy ounce. This silver price trading value represents the highest point reached this year.
Annually, the average silver price trade over the past five years has been on 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 commodities was recorded in September 2024 at US$29 per troy ounce.
The Ministry of Energy and Mineral Resources (ESDM) also notes that 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).
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).
"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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