Silver Prices Fall to US$28.962 per Troy Ounce (Thursday, September 12, 2024)
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Silver prices fell in transactions on Thursday, September 12, 2024. Today's silver price traded at US$ 28.962 per troy ounce. This is lower than the previous day's trade, which was at US$ 28.99 per troy ounce. This current condition is similar to the downward trend in silver prices over the last day.
Over the past week, silver prices have grown by 1.42 percent, with an average daily transaction price of US$ 28.69 per troy ounce. Compared to its position 30 days ago, the price of silver has grown by 4.95 percent. Even from its highest price this year at US$ 30.453 per troy ounce, the price of silver has fallen by 4.9 percent.
Annually, the average trade 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 of silver was recorded in August 2024 at US$ 29 per troy ounce.
Silver is a type of non-corrosive metal, making it considered a precious metal with high market value. Although its price is still far below that of gold, silver is often favored 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 was 8.3 million ounces last year.
"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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