Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Silver prices fell on Monday, according to FXStreet data. Silver trades at $28.93 per troy ounce, down 0.36% from the $29.03 it cost on Friday. Silver prices have increased by 21.57% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 28.93 1 Gram 0.93 The Gold/ Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 86.51 on Monday, up from 86.39 on Friday.
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. How does industrial demand affect Silver prices? Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold.
United States Latest News, United States 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 climbs to near $28 with US Inflation in spotlightSilver price (XAG/USD) surges to near $28.00 in Monday’s North American session.
Read more »
Silver price today: rises on August 12Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Read more »
Silver price today: falls on August 5Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Read more »
Silver price today: rises on July 29Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Read more »
Silver price today: falls on July 22Silver prices (XAG/USD) fell on Monday, according to FXStreet data.
Read more »
Silver Price Analysis: XAG/USD falls and consolidates below $28.00Silver prices traded within the 80 cents trading range, yet they lost close to 0.20% on Monday, as traders braced for a busy US economic schedule that would include crucial events such as the Federal Reserve’s monetary policy decision and the latest Nonfarm Payrolls report.
Read more »