Silver Prices Rise to US$31,062 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$31.062 per troy ounce. This is higher than the previous day's trade, which was at US$30.107 per troy ounce. This current condition contrasts with the downward trend in silver prices over the past three days.
Over the past week, silver prices have grown by 6.75 percent, with an average daily transaction price of US$29.12 per troy ounce. Compared to the price at the beginning of the year, the silver price has grown by 29.16 percent. This silver price is the highest achieved 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 for 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 estimated lifespan of these reserves is 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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