Silver Price This Morning Traded at US$21.082 per Troy Ounce (Tuesday, November 29, 2022)

Silver prices rose in transactions on Tuesday, November 29, 2022. Today's silver price traded at US$ 21.082 per troy ounce. This is higher than the previous day's trade, which was at US$ 20.93 per troy ounce. This current situation is similar to the previous upward trend in silver prices.

Over the past week, silver prices have grown by 1.01 percent, with an average daily transaction price of US$ 21.24 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the silver price has decreased by -7.58 percent. From its highest price this year at US$ 26.89 per troy ounce, the silver price has fallen by 21.61 percent.

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 decline. The highest average monthly price for silver was recorded in March 2022 at US$ 25.46 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 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).