Silver Price This Morning Traded at US$31,505 per Troy Ounce (Friday, September 20, 2024)
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Investing.com reports that the price of silver today rose 0.26 percent to US$31.505 per troy ounce. This price increase is significantly higher than the average price movement over the past week.
This week, silver prices saw their highest surge on Thursday, September 19, 2024, reaching 2.4 percent. The price has strengthened by 31 percent compared to its year-to-date position.
This current situation continues the upward trend in silver prices over the past two days.
Over the past week, silver prices have grown by 4.64 percent, with an average daily transaction price of US$31.15 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the price of silver has increased by 31 percent. This current silver trading value represents the highest point reached this year.
Annually, the average trading price of silver over the past five years has been on an upward trend. Meanwhile, for monthly price monitoring, transactions over the past 12 months have tended to increase. The highest average monthly price for silver was recorded in September 2024 at US$29.72 per troy ounce.
In 2020, Indonesia had recorded silver ore reserves of 2.8 billion tons. 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).
"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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