Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
Silver prices fell on Tuesday, according to FXStreet data. Silver trades at $26.61 per troy ounce, down 1.96% from the $27.14 it cost on Monday. Silver prices have increased by 4.48% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $26.61 Silver price per gram $0.86 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 86.93 on Tuesday, up from 86.06 on Monday.
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.
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