Silver Prices Rise to US$18.79 per Troy Ounce (Saturday, September 10, 2022)

Silver prices rose on Saturday, September 10, 2022. Today's silver price traded at US$18.79 per troy ounce, higher than the previous day's US$18.44 per troy ounce. This is in contrast to the recent downward trend in silver prices.

Over the past week, silver prices have increased by 5.06 percent, with an average daily transaction price of US$18.21 per troy ounce. According to Katadata Insight Center (KIC) calculations, year-to-date (YTD), silver prices have fallen by 17.65 percent. The highest trading value for silver this year was US$26.89 per troy ounce, recorded on Tuesday, March 8, 2022.

In 2020, Indonesia's silver ore reserves were recorded at 2.8 billion tons. These reserves are estimated to last 214 years (until 2234).

Some of Indonesia's silver-producing regions include Bengkalis Regency (Riau), Bontang City (East Kalimantan), Pulau Laut (South Kalimantan), Sambas Regency (West Kalimantan), and Bolaang Mongondow Regency (North Sulawesi).