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Silver prices, represented by XAG/USD, saw an increase on Monday, trading at $31.97 per troy ounce, marking a 1.46% rise from Friday’s price of $31.51.
Year-to-date, silver prices have surged by 25.52%.
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The Gold/Silver ratio, indicating the number of troy ounces of silver required to match the value of one troy ounce of gold, stood at 76.36 on Monday, down from 76.66 on Friday.
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Investors often use this ratio as a gauge to assess the relative valuation of gold and silver. A higher ratio may suggest that silver is undervalued compared to gold, potentially prompting investors to consider buying silver or selling gold. Conversely, a lower ratio may indicate that gold is undervalued relative to silver.
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