Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data. Silver trades at $64.76 per troy ounce, down 2.69% from the $66.55 it cost on Monday.
On Tuesday, silver prices (XAG/USD) declined, according to FXStreet data. The metal traded at $64.76 per troy ounce, down 2.69% from its Monday price of $66.55. Since the start of the year, silver prices have slipped by 8.90%. The Gold/Silver ratio, which indicates the number of silver ounces needed to match the value of one gold ounce, rose to 67.55 on Tuesday from 66.84 the previous day.
Silver, a widely traded precious metal historically valued for its store of value and medium of exchange, can be purchased as physical bullion or through investment vehicles like Exchange Traded Funds. Its price can be influenced by various factors, including geopolitical tensions, interest rates, the US Dollar's strength, investment demand, and industrial usage.
Silver's price often aligns with gold's, as both are considered safe-haven assets during times of uncertainty.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
