Silver price today: Silver rises, according to FXStreet data
Trending Articles- Gold Price Forecast: Gold May Break $4,500 as Fed Rate-Hike Expectations Continue to Cool
- Gold gains momentum to near $4,400 as Fed hike expectations drop despite Us-Iran tensions
- Gold Price Forecast: Will Gold Rise or Fall in the Short Term as Fed July Minutes Approach?
- Australian Dollar gains as US Dollar struggles amid fading Fed rate hike bets
- WTI rises to near $85.00 amid escalating US-Iran tensions
- Copper Price Forecast: Tight Supply Pushes Price Above $14,000, Can Copper Reach $15,000?
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $30.29 per troy ounce, up 0.96% from the $30.00 it cost on Wednesday.
Silver prices have increased by 18.92% since the beginning of the year.
| Unit measure | Today Price |
|---|---|
| Silver price per troy ounce | $30.29 |
| Silver price per gram | $0.97 |
The Gold/Silver ratio, which shows the number of troy ounces of Silver needed to equal the value of one troy ounce of Gold, stood at 77.92 on Thursday, down from 78.51 on Wednesday.
Investors might use this ratio to determine the relative valuation of Gold and Silver. Some may consider a high ratio as an indicator that Silver is undervalued – or Gold is overvalued – and might buy Silver or sell Gold accordingly. Conversely, a low ratio might suggest that Gold is undervalued relative to Silver.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
