Silver Prices Have Fallen for the Past Three Days

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Agus Dwi Darmawan 18/09/2024 10:03 WIB
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Silver Prices for the Last Three Months
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Silver prices fell on Wednesday, September 18, 2024. Today's silver price traded at US$ 30.723 per troy ounce, lower than the previous day's US$ 31.075 per troy ounce. This is similar to the upward trend in silver prices over the past three days.

Over the past week, silver prices have increased by 7.37 percent, with an average daily transaction price of US$ 30.6 per troy ounce. Compared to 30 days ago, silver prices have grown by 8.15 percent. The highest trading value for silver this year was US$ 31.225 per troy ounce, recorded on Sunday, September 15, 2024.

Annually, the average silver price trade over the past five years has shown an upward trend. Monthly price monitoring over the past 12 months also shows an upward trend. The highest average monthly price for silver was recorded in September 2024 at US$ 29.51 per troy ounce.

According to the Ministry of Energy and Mineral Resources (ESDM), 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).

Indonesia had silver ore reserves of 2.8 billion tons in 2020. These reserves are estimated to last 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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