Silver (XAG/USD) prices rose on Friday, according to FXStreet data. Silver is trading at $30.58 per troy ounce, 1.50% more than the $30.13 it cost on Thursday.
Silver prices have increased by 20.06% since the beginning of the year.
| Unit of measurement | Actual Price |
|---|---|
| Silver Price per troy ounce | $30.58 |
| Silver Price per gram | 0.98$ |
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 76.59 on Friday, down from 77.30 on Thursday.
Investors can use this ratio to determine the relative valuation of Gold and Silver. Some consider a high ratio to indicate that Silver is undervalued or Gold is overvalued, and may buy Silver or sell Gold accordingly. Conversely, a low ratio could suggest that Gold is undervalued relative to Silver.
(An automation tool was used to create this post)
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
