Silver Prices Rise for Eight Consecutive Days

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Agus Dwi Darmawan 01/12/2023 10:37 WIB

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Silver Prices Over the Past Three Months

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Silver Prices Rise for Eight Consecutive Days

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Silver Prices Over the Past Three Months

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Silver prices rose in transactions on Friday, December 1, 2023. Today's silver price traded at US$25.41 per troy ounce. This is higher than the previous day's trade, which was at US$25.29 per troy ounce. This current condition completes the upward trend in silver prices over the past eight days.

Over the past week, silver prices have grown by seven percent, with an average daily transaction price of US$24.87 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the silver price has increased by 4.45 percent. Even from its highest price this year at US$26.36 per troy ounce, the silver price has fallen by 3.6 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 December 2023 at US$25.41 per troy ounce.

According to records from the Ministry of Energy and Mineral Resources (ESDM), some silver-producing areas 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 214 years (until 2234).

"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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Silver Prices Rise for Eight Consecutive Days

Silver Prices Rise for Eight Consecutive Days

Silver Prices Rise for Eight Consecutive Days

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