Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Silver prices rose on Friday, according to FXStreet data. Silver trades at $29.28 per troy ounce, up 1.04% from the $28.98 it cost on Thursday. Silver prices have increased by 23.05% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 29.28 1 Gram 0.94 The Gold / Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold , stood at 79.54 on Friday, down from 80.34 on Thursday.
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.
XAGUSD Commodities Metals 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 Forecast: XAG/USD holds key support of $29 as cooler US CPI boosts Fed rate-cut betsSilver price (XAG/USD) clings to key support of $29.00 in Friday’s American session.
Read more »
Silver Price Forecast: XAG/USD declines sharply from $31.50 amid caution ahead of US NFPSilver price (XAG/USD) drops sharply to $30.50 in Friday’s European session.
Read more »
Silver price today: Rises on June 14Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Read more »
Silver price today: Falls on June 7Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
Read more »
Silver price today: Rises on May 31Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Read more »
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 »