Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.
Silver prices fell on Thursday, according to FXStreet data. Silver trades at $31.43 per troy ounce, down 1.69% from the $31.97 it cost on Wednesday. Silver prices have increased by 23.40% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $31.43 Silver price per gram $1.01 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 74.25 on Thursday, up from 73.13 on Wednesday.
As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar behaves as the asset is priced in dollars . A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
XAGUSD Gold XAUUSD Commodities Silver
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