Discover the latest trends in Silver prices (XAG/USD) and how they can impact your investment strategy.
Silver prices are on the rise, trading at $26.96 per troy ounce, up 1.33% from yesterday’s price of $26.61.
Since the beginning of the year, Silver prices have increased by 13.29%.
| Unit measure | Silver Price Today in USD |
|---|---|
| Troy Ounce | 26.96 |
| 1 Gram | 0.87 |
The Gold/Silver ratio, which indicates the number of Silver ounces needed to equal the value of one Gold ounce, is currently at 89.16, down from 89.57 yesterday.
Silver FAQs
Silver is a precious metal that is highly traded among investors. It is used as a store of value, a medium of exchange, and a diversification tool in investment portfolios. Investors can buy physical Silver or trade it through Exchange Traded Funds.
Factors that can influence Silver prices include geopolitical instability, economic recessions, interest rates, US Dollar strength, investment demand, mining supply, and industrial usage.
Silver is widely used in industries such as electronics and solar energy due to its high electric conductivity. Demand from economies like the US, China, and India can also impact Silver prices.
Silver prices tend to follow Gold’s movements, and the Gold/Silver ratio can provide insights into the relative valuation of both metals.
(An automation tool was used in creating this post.)