Silver Price This Morning Traded at US$31.22 per Troy Ounce (Monday, September 16, 2024)
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Silver prices for Monday, September 16, 2024, decreased. Today's silver price traded at US$ 31.22 per troy ounce. This figure is lower than the previous day's trade, which was at US$ 31.225 per troy ounce. This current condition is similar to the silver price movement in the last day, which is in an upward trend.
Over the past week, silver prices have grown by 10.31 percent, with an average daily transaction price of US$ 29.97 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), the silver price has increased by 29.81 percent. Even from its highest price this year at US$ 31.225 per troy ounce, the silver price has fallen by 0.02 percent.
Annually, the average silver price trade over the last five years has been in 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$ 29.318 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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