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Silver Prices Continue to Rise Over the Past Four Days

Agus Dwi Darmawan 28/10/2022 10:34 WIB

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Silver Prices Continue to Rise Over the Past Four Days

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Silver Prices for the Last Three Months

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Silver prices rose on Friday, October 28, 2022. Today's silver price traded at US$19.58 per troy ounce, higher than the previous day's US$19.52 per troy ounce. This current condition reverses the downward trend in silver prices over the past four days.

Over the past week, silver prices have increased by 4.78 percent, with an average daily transaction price of US$19.38 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), silver prices have fallen by 14.15 percent. The highest trading value for silver this year was US$26.89 per troy ounce, recorded on Tuesday, March 8, 2022.

Annually, the average silver price trade over the past five years shows an upward trend. However, monthly price monitoring shows a decline in transactions over the past 12 months. The highest average monthly price for silver was recorded in March 2022 at US$25.46 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. These reserves are estimated to last 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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Silver Prices Continue to Rise Over the Past Four Days

Silver Prices Continue to Rise Over the Past Four Days

Silver Prices Continue to Rise Over the Past Four Days

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Silver Prices Continue to Rise Over the Past Four Days

Silver Prices Continue to Rise Over the Past Four Days

Silver Prices Continue to Rise Over the Past Four Days

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