Silver price today: Silver moves lower, FXStreet data shows

At $53.18 per troy ounce on Tuesday, Silver (XAG/USD) was 1.47% lower than Monday’s price of $53.97, according to FXStreet data.

Since the start of the year, Silver has lost 25.19% of its value.

Unit of measurement

Today’s Silver Price in USD

Per Troy Ounce

53.18

Per 1 Gram

1.71

Tuesday’s Gold/Silver ratio rose to 75.19 from 74.43 on Monday. This ratio measures how many ounces of Silver are required to match the value of one ounce of Gold.

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Silver: Frequently Asked Questions

Widely traded by investors, Silver is a precious metal with a long history as both a store of value and a means of exchange. Gold remains more popular, but traders may choose Silver for its intrinsic value, to diversify their portfolios or as a potential hedge when inflation is high. Physical holdings can take the form of coins or bars. Alternatively, investors can gain exposure through instruments such as exchange-traded funds, which follow Silver’s price on international markets.

A broad range of influences can drive Silver prices. Its safe-haven status means geopolitical instability or concerns about a deep recession can push prices higher, though the effect is generally smaller than for Gold. Lower interest rates tend to support Silver because it pays no yield. Since the metal is quoted in dollars (XAG/USD), movements in the US Dollar (USD) also matter: Dollar strength tends to restrain Silver prices, while a weaker Dollar is likely to lift them. Investment demand, recycling rates and mining supply can also influence prices, with Silver far more abundant than Gold.

With electrical conductivity among the highest of all metals, exceeding that of Copper and Gold, Silver has extensive industrial applications, notably in electronics and solar energy. Prices can rise when demand surges, whereas falling demand tends to bring them down. Economic developments in the US, China and India can also drive price fluctuations. Large industrial sectors in the US and, particularly, China use Silver in a range of processes. In India, consumer demand for Silver jewellery is also an important influence on prices.

Given their similar standing as safe-haven assets, Silver generally moves in line with Gold and typically rises when Gold prices increase. One possible gauge of their relative valuation is the Gold/Silver ratio, which measures the ounces of Silver needed to equal the value of one ounce of Gold. A high reading may be interpreted by some investors as a sign that Silver is undervalued or Gold overvalued. A low reading, by contrast, might indicate that Gold is undervalued compared with Silver.

(This post was created with the assistance of an automation tool.)