Silver Price This Morning Traded at US$24.35 per Troy Ounce (Wednesday, December 20, 2023)

Silver prices rose in transactions on Wednesday, December 20, 2023. Today's silver price traded at US$24.35 per troy ounce. This is higher than the previous day's trade, which was at US$24.34 per troy ounce. The current situation is similar to the silver price movement over the past three days, which has been in a downward trend.

Over the past week, silver prices have grown by 5.79 percent, with an average daily transaction price of US$24.04 per troy ounce. Compared to the price at the beginning of the year, the silver price has grown by 0.08 percent. However, from its highest price this year of US$26.36 per troy ounce, the silver price has fallen by 7.63 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 increase. The highest average monthly price for silver was recorded in April 2023 at US$25.19 per troy ounce.

According to records from the Ministry of Energy and Mineral Resources (ESDM), 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).

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).