Silver Price This Morning Traded at US$19.14 per Troy Ounce (Friday, September 16, 2022)

Silver prices fell on Friday, September 16, 2022. Today's silver price traded at US$19.14 per troy ounce, lower than the previous day's US$19.27 per troy ounce. This current condition concludes a two-day upward trend in silver prices.

Over the past week, silver prices have increased by 2.56 percent, with an average daily transaction price of US$19.19 per troy ounce. Compared to its position 30 days ago, however, silver prices have slowed by 7.86 percent. From its highest price this year of US$26.89 per troy ounce, silver prices have fallen by 28.85 percent.

Annually, the average silver price trade over the past five years has shown an upward trend. Meanwhile, monthly price monitoring over the past 12 months shows a downward trend. The highest average monthly price for silver was recorded in March 2022 at US$25.46 per troy ounce.

The Ministry of Energy and Mineral Resources (ESDM) also notes that Indonesia had silver ore reserves of 2.8 billion tons in 2020. These reserves are estimated to last 214 years (until 2234).

Several 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).