Silver Price Falls to US$25.23 per Troy Ounce (Wednesday, July 19, 2023)

Silver prices for transactions on Wednesday, July 19, 2023, decreased. Today's silver price traded at US$25.23 per troy ounce. This is lower than the previous day's trade, which was at US$25.26 per troy ounce. This current condition is similar to the previous silver price movement, which was in an upward trend.

Over the past week, silver prices have grown by 8.37 percent, with an average daily transaction price of US$25.01 per troy ounce. Compared to the price at the beginning of the year, the silver price has grown by 3.71 percent. The highest trading value for silver this year was US$26.36 per troy ounce, which occurred on Thursday, May 4, 2023.

Annually, the average silver price trade 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 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 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 estimated lifespan of these reserves is 214 years (until 2234).