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Silver price Friday: Silver slides, according to FXStreet data

2024-06-21FXStreetFXStreet
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.

Most recent article: Silver price today: Silver recovers, according to FXStreet data

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $30.81 per troy ounce, down 1.62% from the $31.32 it cost on Thursday.

Silver prices have increased by 20.97% since the beginning of the year.

Unit measure Today Price
Silver price per troy ounce $30.81
Silver price per gram $0.99

 

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 76.26 on Friday, up from 75.86 on Thursday.

Investors might use this ratio to determine the relative valuation of Gold and Silver. Some may consider a high ratio as an indicator that Silver is undervalued – or Gold is overvalued – and might buy Silver or sell Gold accordingly. Conversely, a low ratio might suggest that Gold is undervalued relative to Silver.

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