Silver Prices Rise to US$22.065 per Troy Ounce (Friday, October 13, 2023)

Silver prices rose in transactions on Friday, October 13, 2023. Today's silver price traded at US$ 22.065 per troy ounce. This is higher than the previous day's trade, which was at US$ 21.99 per troy ounce. The current situation is similar to the previous trend of declining silver prices.

Over the past week, silver prices have increased by 1.57 percent, with an average daily transaction price of US$ 21.98 per troy ounce. Compared to its position 30 days ago, the price of silver has slowed by 4.79 percent. This year, the highest trading value for silver was recorded at US$ 26.36 per troy ounce on Thursday, May 4, 2023.

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. These reserves are estimated to last until 2134.