Indonesian Silver Price Prediction 2025–2026: Complete Projections and Analysis

Bittime - Today's silver price is again being looked at by market players and precious metal investors. In Indonesia itself, exchange rate fluctuations and domestic demand are the main factors that determine local silver prices.

At the same time, global dynamics and macroeconomic factors also influence price movements.

The question is, whether silver price continue to strengthen until 2026? Here's an in-depth analysis of trends, driving factors, and projections for Indonesian silver prices over the next two years.

Current Conditions and Price Driving Factors

As of October 9, 2025, the price of silver in Indonesia was recorded at around IDR 26,404 per gram for the spot price.

This increase represents a 1.58 percent gain compared to the previous week. Meanwhile, the price of silver per ounce hovered around Rp 821,195.

Several global financial institutions predict a positive trend in the silver market. HSBC raised its projection for the average silver price to around US$35 per ounce in 2025 and US$33 per ounce in 2026.

UBS even estimates that prices could reach US$42 per ounce by mid-2026, in line with the recovery of industrial activity and increasing demand for precious metal investments.

Domestically, the silver industry has shown significant export growth. Projections for 2026 estimate Indonesian silver exports will reach over 247,000 kilograms, while imports are expected to reach US$29 million.

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Main driving factors:
• Strong industrial demand, especially from the electronics, solar panels and photography sectors.
• Investors' push towards safe-haven assets amid global economic uncertainty.
• Global trend towards diversification of precious metal assets.

Price restraining factors:
• US interest rate hikes and dollar strengthening.
• Potential increase in supply from new mines.
• The global economic slowdown is suppressing industrial demand.

Global Projections and Conversion to Rupiah

Most analysts predict that global silver prices will move in the range of US$30 to US$42 per ounce during 2025–2026.

Some extreme estimates even place the potential for increases as high as US$70 per ounce if there is a surge in global demand and a weakening US dollar.

For Indonesia, the price conversion into rupiah depends on the dollar exchange rate. Assuming a stable exchange rate of around Rp 20,000 per US dollar, the projected price of silver per gram can be illustrated as follows:
• Conservative scenario: 17,500 – 19,000 rupiah per gram.
• Moderate scenario: 18,500 – 22,500 rupiah per gram.
• Optimistic scenario: 23,500 – 26,500 rupiah per gram.

For 2025, the price of silver per gram is estimated to be in the range of IDR 18,000 to IDR 23,000.

Meanwhile, in 2026, if market conditions are favorable, prices could reach Rp 25,000 per gram. However, a strengthening dollar or rising global interest rates could depress domestic silver prices.

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Indonesian Silver Price Prediction 2025–2026

Based on a combination of global projections, the rupiah exchange rate, and domestic industry factors, here is the estimated price of Indonesian silver:

• 2025: Rp 18.000 – Rp 23.000 per gram (moderate scenario)
   
• 2026: Rp 20.000 – Rp 25.000 per gram (bullish scenario)

The conservative scenario applies if the global economy weakens or the US dollar strengthens sharply. Conversely, if industrial demand increases and the rupiah stabilizes, silver prices could potentially rise higher than expected.

It's important to note that local prices are also influenced by distribution costs, trader margins, and domestic precious metals tax policies. Therefore, price differences between cities can be quite significant.

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Risks and Determining Factors Going Forward

Silver price movements in the next two years will be determined by several key factors, among others:
• United States monetary policy and the direction of the Fed's interest rates.
• Global economic stability and demand for metals industry.
• USD/IDR exchange rate and domestic fiscal policy.
• Global supply availability and potential for new mine exploration.
• Investor sentiment towards precious metals as a hedging asset.

Fluctuations in any of the above factors can trigger significant price changes, either corrections or spikes.

Conclusion

Global and local silver price trends indicate potential for moderate strengthening through 2026.

Assuming a stable exchange rate and increasing industrial demand, the price of silver in Indonesia is expected to remain in the range of Rp 18,000 to Rp 25,000 per gram over the next two years. However, rising interest rates and a strengthening dollar remain key risks.

For investors and those in the precious metals business, monitoring global macroeconomic developments and monetary policy will be key to determining the right silver investment strategy. Diversification is still recommended to maintain portfolio stability.

FAQ

What is the predicted price of silver per gram in Indonesia in 2025?

In a moderate scenario, the price of silver per gram in Indonesia is estimated to be in the range of IDR 18,000 to IDR 23,000.

What factors will most influence future silver prices?

The four main factors are United States monetary policy, the rupiah exchange rate against the dollar, industrial and investment demand, and global supply.

Can the price of silver reach Rp 30,000 per gram by 2026?

This possibility only occurs if global markets are very bullish, the dollar weakens sharply, and global supply is disrupted. Under normal conditions, prices are expected to be below that level.

Is silver safer than gold for investment?

Silver has broader industrial utility but higher volatility than gold. For diversification, the two can complement each other, but silver carries more dynamic price risk.