Silver Price This Morning Traded at US$30,285 per Troy Ounce (Friday, September 13, 2024)
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Investing.com notes that the price of silver today rose 0.1 percent to US$30.285 per troy ounce. This price increase is relatively high compared to the average price movement over the past week.
Yesterday, silver prices surged to their highest level on Thursday, September 12, 2024, increasing by 4.59 percent. This represents a 25.93 percent strengthening compared to its year-to-date position.
The current situation is similar to the silver price movement over the past three days, which has been in a downward trend.
Over the past week, silver prices have grown by 4.08 percent, with an average daily transaction price of US$29.03 per troy ounce. Compared to its position 30 days ago, the price of silver has grown by 9.72 percent. This year, the highest trading value for silver was recorded at US$30.453 per troy ounce, which occurred on Monday, August 26, 2024.
Annually, the average trading price of silver 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 August 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 lifespan of these reserves is estimated to be up to 214 years (until 2234).
Several 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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