Silver prices (XAG/USD) broadly unchanged on Wednesday, according to FXStreet data.
Silver prices broadly unchanged on Wednesday, according to FXStreet data. Silver trades at $30.67 per troy ounce, broadly unchanged 0.01% from the $30.67 it cost on Tuesday. Silver prices have increased by 28.89% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 30.67 1 Gram 0.99 The Gold/ Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 85.34 on Wednesday, down from 85.48 on Tuesday.
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. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Forecast: XAG/USD stays below $31 with Fed policy under spotlightSilver price (XAG/USD) oscillates below the crucial resistance of $31.00 in Wednesday’s European session.
Read more »
Silver price today: rises on September 11Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Read more »
Silver price today: falls on September 18Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Read more »
Silver price today: rises on October 2Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Read more »
Silver Price Forecast: XAG/USD rises to near $31.50 due to rising geopolitical tensionsSilver price (XAG/USD) extends its gains for the second consecutive day, trading around $31.50 per troy ounce during the European hours on Wednesday.
Read more »
Silver Price Forecast: XAG/USD consolidates below $31 with Fed policy in focusSilver price (XAG/USD) stays in tight range below the crucial resistance of $31.00 in Tuesday’s North American session.
Read more »