Silver price today: Silver falls, according to FXStreet data

On Monday, silver prices fell to $65.90 per troy ounce, as reported by FXStreet data. This represents a decline of 0.47% from the previous trading day when silver was priced at $66.21 per ounce. Over the course of the year, silver prices have decreased by 7.29%. The Gold/Silver ratio stood at 66.94 on Monday, remaining relatively unchanged from 66.91 on Friday.

Silver is a widely traded precious metal that investors often use as a store of value and medium of exchange. Unlike gold, silver is less popular among investors but can still be a valuable addition to a diversified investment portfolio due to its intrinsic value or potential as a hedge during high-inflation periods. Investors can acquire physical silver through coins or bars, or trade it by investing in Exchange Traded Funds that track its price on international markets.

Various factors influence silver prices, including geopolitical instability, recession fears, lower interest rates, and fluctuations in the US dollar. Silver's price is also affected by investment demand, mining supply, recycling rates, and industries that rely heavily on the metal, such as electronics and solar energy. As an industrial metal with high electrical conductivity, silver prices can be impacted by surges or declines in demand.

The Gold/Silver ratio can help determine the relative valuation of the two metals, with a high ratio suggesting that silver may be undervalued and gold overvalued, while a low ratio indicates the opposite.