Silver Price Falls to US$28.183 per Troy Ounce (Friday, September 6, 2024)
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Silver prices fell on Friday, September 6, 2024. Today's silver price traded at US$ 28.183 per troy ounce, lower than the previous day's US$ 29.099 per troy ounce. This is similar to the upward trend in silver prices over the past day.
Over the past week, silver prices have grown by -6.02 percent, with an average daily transaction price of US$ 28.782 per troy ounce. As a result, throughout 2024, silver prices have risen 17.19 percent from their year-start position of US$ 24.05 per troy ounce. The highest trading value for silver this year was US$ 30.453 per troy ounce, recorded on Monday, August 26, 2024.
Annually, the average silver price trade over the past five years has been on an upward trend. Meanwhile, monthly price monitoring shows an upward trend in transactions over the past 12 months. The highest average monthly price for silver was recorded in August 2024 at US$ 29 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).
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).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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