Silver price today: Silver rises, according to FXStreet data

Silver prices surged on Friday, according to FXStreet data, trading at $64.04 per troy ounce, a 0.72% increase from the previous day's $63.58. The Silver price has fallen by 9.91% since the start of the year. The Gold/Silver ratio, indicating the number of Silver ounces required to match the value of one Gold ounce, remained steady at 67.85 on Friday, only slightly off from the 67.91 figure on Thursday.

Silver, a precious metal frequently traded by investors, is often valued for its store of value and medium of exchange properties. While it isn't as popular as Gold, Silver can provide diversification and act as a hedge against inflation. Investors can acquire physical Silver in coins or bars, or trade it via Exchange Traded Funds tracking its international market price.

Silver prices are influenced by various factors, including geopolitical tensions, recession fears, lower interest rates, US Dollar movements, investment demand, Silver's abundant supply compared to Gold, and recycling rates. Industrial usage, particularly in electronics and solar energy, can also impact Silver prices. Silver's price movements frequently mirror Gold's, as both are considered safe-haven assets.

The Gold/Silver ratio can indicate the relative value of the two metals, with a high ratio potentially suggesting that Silver is undervalued or Gold is overvalued, and a low ratio implying the opposite.