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Kotagede Silver is a handicraft product that has a long history regarding the production process and its characteristics. After the monetary crisis that hit Indonesia in 1997, Kotagede Silver experienced quite serious problems related to its raw materials and marketing. Moreover, the younger generation nowadays is not interested in continuing the business of the silver handicraft industry. Therefore, Kotagede silver industry is under the threat of extinction. This study will analyze production systems, distribution systems, and markets for Kotagede Silver products. The objective of this study is to determine whether Kotagede Silver is feasible to be registered as Geographical Indication products or not by looking at the scenario of the Book Requirements for Kotagede Silver. Geographical Indication as a tool to protect local products based on local know-how is recommended for regional development as long as the products are related to specific communities that related to natural resource management and cultural preservation needed to make a product known thanks to its quality. This research is qualitative research with the juridical-empirical approach. The result shows that Kotagede Silver is feasible to be registered as a Geographical Indication by reviewing the scenario of the Book of Requirements. Moreover, with the decreasing number of the silver artisan, the registration of Geographical Indication for Kotagede Silver seems promising for the cultural preservation as well as to continue the long tradition of local handicraft industry in Yogyakarta.