Silver Price Indonesia 2026: Latest Price Update & Determinants of its Movement

Jakarta, Pintu News – Indonesia’s silver price in the domestic market is a concern for precious metals investors in 2026. Silver not only serves as a hedging asset, but also as an industrial commodity used in electronics, solar panels, and electric vehicles. The combination of investment function and industrial needs makes silver prices tend to be more volatile than gold.

Indonesia Silver Price Range 2026

In 2026, the global silver price moves in the range of US$22-US$30 per troy ounce. Assuming an exchange rate of 1 USD = IDR16,834, the price is equivalent to around IDR370,348 to IDR505,020 per troy ounce. In the Indonesian market, the price per gram usually adjusts the global spot price plus distribution premiums and printing costs.

For 1 gram silver bars, domestic prices are generally in the range of IDR8,000-Rp15,000 per gram depending on the producer and market conditions. Price differences between sellers may occur due to brand, purity and logistics costs. Investors are advised to compare purchase and buyback prices before making a transaction.

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Factors Affecting Silver Prices in Indonesia

The Indonesian silver price is heavily influenced by international spot prices traded in USD. When the US dollar strengthens, the rupiah-denominated silver price may increase despite stagnant global prices. Conversely, a strengthening rupiah may restrain domestic price increases.

Apart from exchange rates, global interest rate policies also have a significant impact. When interest rates are high, interest in non-yielding assets like silver tends to decline. However, when inflation increases or markets are in uncertainty, demand for silver as a safe haven usually rises.

Role of Industry Demand

In contrast to gold, about half of the demand for silver comes from the industrial sector. The electronics, solar energy and electric vehicle industries require silver as a conductive material. The growth of the technology and renewable energy sectors in Asia is also driving global demand.

If industrial demand increases while mine supply is limited, silver prices can be pushed up. However, a global economic slowdown could reduce industrial demand and depress prices. Therefore, silver often moves with the economic cycle.

Indonesia’s Silver Price Outlook Going Forward

The outlook for silver prices in Indonesia in 2026 depends on global macro conditions and the rupiah exchange rate. If global inflation remains high and central banks begin to ease monetary policy, silver has the potential to strengthen. Conversely, global economic stability could limit price increases.

For investors, silver can be a diversified portfolio instrument in addition to gold and stocks. Higher volatility means greater profit potential, but also higher risk. A gradual buying strategy and monitoring of international spot prices can help manage risk.

Overall, Indonesia’s silver price is influenced by a combination of global and domestic factors. International spot prices, the rupiah exchange rate and industrial demand are the main determinants of direction. Understanding these factors is important before making precious metal investment decisions in 2026.

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Tokenized Silver ETF (SLVon) as an Alternative Commodity Asset in the Crypto Ecosystem

The tokenized Silver ETF (SLVon) is a digital token issued by Ondo Global Markets and designed to follow the price movements of the iShares Silver Trust (SLV), the world’s largest silver ETF managed by BlackRock.

Each SLVon has the equivalent value of an SLV share (1:1), so its price moves up and down according to the global silver price in troy ounces. Through SLVon, investors can gain exposure to the silver market on-chain in the form of an easily accessible digital asset.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Reuters. Rising investment to keep global silver demand steady in 2026, Silver Institute says. Accessed February 20, 2026.