untitled design

Silver Price Today: Silver rises, according to FXStreet data

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

You may also like

Get the latest

Stay Informed: Get the Latest Updates and Insights

 

Most popular