Silver Price This Morning Traded at US$ 22.83 per Troy Ounce (Monday, August 21, 2023)

Silver prices for Monday, August 21, 2023, decreased. Today's silver price traded at US$22.83 per troy ounce. This is lower than the previous day's trade, which was at US$22.84 per troy ounce. This current situation is similar to the previous trend of shrinking silver prices.

Over the past week, silver prices increased by 0.39 percent, with an average daily transaction price of US$22.72 per troy ounce. Compared to the price at the beginning of the year, the silver price has slowed by 6.16 percent. From its highest price this year of US$26.36 per troy ounce, the silver price has fallen by 13.38 percent.

Annually, the average silver price trade over the past five years has shown 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 April 2023 at US$25.19 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 2234.