Silver price today: Silver declines, according to FXStreet data
Trending Articles- A Crash After a Surge: Why Silver Lost 40% in a Week?
- Bitcoin Reclaims $70,000. Cathie Wood Claims Near Potential Bottom, Will This Time Be Different?
- Gold Price Forecast: XAU/USD falls below $5,050 as traders await US jobs data
- Gold climbs to $5,050 as Fed-driven USD weakness offsets positive risk tone ahead of US NFP
- Is the Crypto Rally Dead? Why Bernstein Still Predicts a $150K Bitcoin Peak Despite Waller’s Warnings
- AUD/USD lurches into highs after NFP beats expectations
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $29.33 per troy ounce, down 1.34% from the $29.73 it cost on Wednesday.
Silver prices have increased by 15.16% since the beginning of the year.
| Unit measure | Today Price |
|---|---|
| Silver price per troy ounce | $29.33 |
| Silver price per gram | $0.94 |
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 78.97 on Thursday, up from 78.21 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.
