Silver Prices Rise to US$31.152 per Troy Ounce (Tuesday, September 24, 2024)
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Silver prices rose in transactions on Tuesday, September 24, 2024. Today's silver price trading was recorded at US$31.152 per troy ounce. This figure is higher than the previous day's trading, which was at US$30.997 per troy ounce. The current condition is similar to the silver price movement in the last day, which is in an upward trend.
Over the past week, silver prices have grown by 0.05 percent, with an average daily transaction price of US$31.16 per troy ounce. Compared to its position 30 days ago, the silver price has grown by 4.78 percent. Even from its highest price this year at US$31.505 per troy ounce, the silver price has fallen by 1.12 percent.
Annually, the average silver price trading over the past five years has been in 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 commodities was recorded in September 2024 at US$29.93 per troy ounce.
In 2020, Indonesia recorded silver ore reserves of 2.8 billion tons. The lifespan of these reserves is estimated to be up to 214 years (2234).
Some silver-producing areas in Indonesia include Bengkalis Regency (Riau), Bontang City (East Kalimantan), Pulau Laut (South Kalimantan), Sambas Regency (West Kalimantan), and Bolaang Mongondow Regency (North Sulawesi).
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