ABSTRACT
Large quantities of research have been done on the analysis of silver price by applying models from different areas. Recent research includes Abidin, Banchit, Lou & Niu (2013), Harper, Jin, Sokunle, & Wadhwa (2010) and Kettering (2009). However, silver price consists of many components, which individually represents the influence of different aspects. From this perspective, original data should be processed beforehand to get rid of the disturbance while conducting the analysis to increase the preciseness of the result.
