Silver Prices Rise to US$31.49 per Troy Ounce (Friday, September 20, 2024)
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Investing.com reports that the price of silver today rose 0.21 percent to US$31.49 per troy ounce. This price increase is considered relatively high compared to the average price movement over the past week.
This week, silver prices saw their highest surge on Thursday, September 19, 2024, reaching 2.4 percent. Compared to its position at the beginning of the year, it has strengthened by 30.94 percent.
The current situation complements the upward trend in silver prices over the past two days.
Over the past week, silver prices have grown by 4.59 percent, with an average daily transaction price of US$31.14 per troy ounce. Compared to the price at the beginning of the year, the silver price has increased by 30.94 percent. This silver price trading value represents the highest point reached this year.
Annually, the average silver price trading 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 for silver was recorded in September 2024 at US$29.72 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. These reserves are estimated to last until 2134.
"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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