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Silver prices (XAG/USD) fell on Tuesday,. The metal traded at $31.62 per troy ounce, down 0.63% from Monday’s price of $31.82.
Despite this daily dip, silver prices have surged by 24.15% since the start of the year.
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Current Silver Prices:
Silver price per troy ounce: $31.62
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Silver price per gram: $1.02
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The Gold/Silver ratio, which indicates the number of troy ounces of silver required to purchase one troy ounce of gold, rose to 76.47 on Tuesday from 76.25 on Monday.
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Investors often use this ratio to assess the relative values of gold and silver. A higher ratio may suggest that silver is undervalued or gold is overvalued, prompting investors to buy silver or sell gold. Conversely, a lower ratio might indicate that gold is undervalued compared to silver.
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