Silver prices (denoted as XAG/USD) dropped on Thursday, as reported by FXStreet data. It’s currently trading at $29.60 per troy ounce. This represents a 0.26% decrease from the $29.68 it was worth on Wednesday.
Silver’s Year-to-Date Performance
Overall Increase
Despite the recent fall, silver prices have seen an increase of 24.39% since the start of the year.
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The Gold/Silver Ratio
Change in Ratio
The Gold/Silver ratio, which indicates how many ounces of silver are needed to match the value of one ounce of gold, stood at 88.74 on Thursday. This is an increase from the 88.18 it was at on Wednesday.
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