Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Silver prices fell on Wednesday, according to FXStreet data. Silver trades at $27.23 per troy ounce, down 0.29% from the $27.31 it cost on Tuesday. Silver prices have increased by 6.91% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $27.23 Silver price per gram $0.88 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 85.16 on Wednesday, up from 85.02 on Tuesday.
Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets. Which factors influence Silver prices? Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates.
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