Silver Price Falls to US$19.36 per Troy Ounce (Thursday, November 3, 2022)

Silver prices fell on Thursday, November 3, 2022. Today's silver price traded at US$19.36 per troy ounce, lower than the previous day's US$19.59 per troy ounce. This continues the downward trend in silver prices over the past two days.

Over the past week, silver prices have slowed by 0.61 percent, with an average daily transaction price of US$19.36 per troy ounce. Compared to the beginning of the year, silver prices have fallen by 15.11 percent. The highest trading value for silver this year was US$26.89 per troy ounce, recorded on Tuesday, March 8, 2022.

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

In 2020, Indonesia had recorded silver ore reserves of 2.8 billion tons. These reserves are estimated to last until 2234.

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).