Silver prices (XAG/USD) fell on Tuesday, according to FXStreet data.
Silver prices fell on Tuesday, according to FXStreet data. Silver trades at $31.47 per troy ounce, down 1.05% from the $31.80 it cost on Monday. Silver prices have increased by 23.56% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $31.47 Silver price per gram $1.01 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 74.48 on Tuesday, up from 74.02 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.
XAGUSD Commodities Gold XAUUSD Silver
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Silver Price Forecast: XAG/USD falls to near $31.50 amid hawkish FedspeakSilver price continues to lose ground after retreating from the highest level of $32.51, a level not seen since December 2012.
Read more »
Silver Price Analysis: Closes in on key support, uptrend still intactSilver (XAG/USD) corrects back after peaking at the $32.51 high of May 19.
Read more »
Silver price today: Silver falls, according to FXStreet dataSilver prices (XAG/USD) fell on Friday, according to FXStreet data.
Read more »
Silver Price Forecast: XAG/USD moves below $31.50 due to market cautionSilver prices edged lower to near $31.40 per troy ounce during the early European session on Tuesday.
Read more »
Silver Price Analysis: XAG/USD surges above $31.50 amid thin tradingSilver prices rallied sharply on Monday, posting gains of more than 4%.
Read more »
Silver Price Forecast: XAG/USD surges to near $31.00 amid escalated geopolitical tensionsSilver price rises to $30.80 per troy ounce during the European session on Monday.
Read more »