Silver prices fell on Thursday, according to FXStreet data. Silver trades at $29.55 per troy ounce, down 0.39% from the $29.67 it cost on Wednesday. Silver prices have increased by 16.02% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $29.55 Silver price per gram $0.95 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 80.74 on Thursday, up from 80.43 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 Commodities Silver
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