Silver Prices Rise to US$31,098 per Troy Ounce (Friday, September 20, 2024)
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Investing.com reports that the price of silver today rose 0.02 percent to US$31.098 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 19, 2024, increasing by 1.32 percent. Compared to the beginning of the year, it has strengthened by 29.31 percent.
This current situation continues the upward trend in silver prices over the past two days.
Over the past week, silver prices have grown by 3.29 percent, with an average daily transaction price of US$31.04 per troy ounce. Compared to the price at the beginning of the year, the silver price has increased by 29.31 percent. Even from its highest price this year of US$31.225 per troy ounce, the price of silver has fallen by 0.41 percent.
Annually, the average trading price of silver over the past five years shows 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 September 2024 at US$29.68 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. These reserves are estimated to last 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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