Silver Prices Rise to US$31.43 per Troy Ounce (Monday, September 23, 2024)
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Investing.com notes that the price of silver today rose 0.08 percent to US$31.43 per troy ounce. This price increase is relatively high compared to the average price movement over the past week.
Today's price movement is the highest this week at 0.08 percent. It has strengthened by 30.69 percent compared to its year-to-date position.
The current situation is similar to the silver price movement in the last 24 hours, which is on an upward trend.
Over the past week, the price of silver has grown by 0.66 percent, with an average daily transaction price of US$31.22 per troy ounce. As a result, throughout 2024, the price of silver has increased by 30.69 percent from its year-to-date position of US$24.05 per troy ounce. Even from its highest price this year at US$31.505 per troy ounce, the price of silver has fallen by 0.24 percent.
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 of silver was recorded in September 2024 at US$29.89 per troy ounce.
According to records from 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. The lifespan of these reserves is estimated to be up to 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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