Silver Price This Morning Traded at US$18.79 per Troy Ounce (Sunday, September 11, 2022)

Silver prices rose in transactions on Sunday, September 11, 2022. Today's silver price traded at US$18.79 per troy ounce. This is higher than the previous day's trade, which was at US$18.44 per troy ounce. This current condition is similar to the silver price movement in the last day, which has been in a downward trend.

Over the past week, silver prices have grown by 5.43 percent, with an average daily transaction price of US$18.35 per troy ounce. Compared to the price at the beginning of the year, the silver price has slowed by 17.65 percent. The highest trading value for silver commodities this year was transacted at US$26.89 per troy ounce, which occurred on Tuesday, March 8, 2022.

According to records from the Ministry of Energy and Mineral Resources (ESDM), 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).

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 (2234).