Silver Prices Rise to US$25.03 per Troy Ounce (Friday, July 21, 2023)

Silver prices rose in transactions on Friday, July 21, 2023. Today's silver price traded at US$25.03 per troy ounce. This is higher than the previous day's trade, which was at US$24.99 per troy ounce. This current condition is similar to the previous upward trend in silver prices.

Over the past week, silver prices have grown by 0.32 percent, with an average daily transaction price of US$25.14 per troy ounce. As a result, throughout 2023, silver prices have risen by 2.89 percent from their year-start position of US$24.33 per troy ounce. 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 shown an upward trend. Meanwhile, monthly price monitoring shows that 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.

In 2020, Indonesia had recorded silver ore reserves of 2.8 billion tons. The estimated lifespan of these reserves is 214 years (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).