Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver prices rose on Friday, according to FXStreet data. Silver trades at $29.04 per troy ounce, up 0.26% from the $28.97 it cost on Thursday. Silver prices have increased by 14.02% since the beginning of the year. Unit measure Today Price Silver price per troy ounce $29.04 Silver price per gram $0.93 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 79.74 on Friday, up from 79.55 on Thursday.
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.
XAUUSD XAGUSD Commodities Gold Silver
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 Analysis: XAG/USD rises and tests ‘double top’ neckline around $30.00Silver recovered some ground on Wednesday as US Treasury bond yields plunged due to weaker-than-expected US jobs data.
Read more »
Silver Price Forecast: XAG/USD rises toward $30.00 after higher US Jobless ClaimsSilver price retraces its recent losses registered on Thursday, trading around $29.70 per troy ounce during the Asian hours on Friday.
Read more »
Silver price today: Rises on June 12Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Read more »
Silver price today: Rises on June 10Silver prices (XAG/USD) rose on Monday, according to FXStreet data.
Read more »
Silver price today: Rises on June 5Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Read more »
Silver Price Forecast: XAG/USD holds above $29.00 despite fading Fed rate cut hopesThe Silver price (XAG/USD) trades in positive territory near $29.05 on Friday during the early European session.
Read more »