Silver Price This Morning Traded at US$18.33 per Troy Ounce (Thursday, September 8, 2022)

Silver prices rose in transactions on Thursday, September 8, 2022. Today's silver price traded at US$18.33 per troy ounce. This is higher than the previous day's trade, which was at US$18.26 per troy ounce. This current condition reverses the downward trend in silver prices over the past two days.

Over the past week, silver prices have increased by 3.21 percent, with an average daily transaction price of US$17.95 per troy ounce. Compared to its position 30 days ago, however, the price of silver has slowed by 8.9 percent. This year, the highest trading value for silver was recorded at US$26.89 per troy ounce, which occurred on Tuesday, March 8, 2022.

Silver is a non-corrosive metal, considered a precious metal with high market value. Although its price remains significantly lower than gold, silver is popular as a raw material for various products, such as jewelry.

According to Statista, Mexico is the world's largest silver producer. Silver production in that country reached 178.1 million ounces in 2020.

Indonesia ranks 16th as the world's largest silver producer. Recorded silver production in Indonesia last year was 8.3 million ounces.