Advertisements
Home Silver Price Silver Prices Decline, Gold/Silver Ratio Widens(May 28)

Silver Prices Decline, Gold/Silver Ratio Widens(May 28)

by anna

Silver prices (XAG/USD) experienced a decrease on Tuesday, with silver trading at $31.47 per troy ounce, marking a decline of 1.05% from the previous day’s price of $31.80.

Since the beginning of the year, silver prices have seen an overall increase of 23.56%.

Advertisements

The Gold/Silver ratio, indicating the number of troy ounces of silver required to equal the value of one troy ounce of gold, stood at 74.48 on Tuesday, up from 74.02 on Monday.

Advertisements

Investors often utilize this ratio to assess the relative valuation between gold and silver. A high ratio may suggest that silver is undervalued compared to gold, prompting some investors to consider buying silver or selling gold. Conversely, a low ratio might indicate that gold is undervalued relative to silver.

Advertisements
Advertisements

You may also like

Lriko logo

Lriko is a gold portal website, the main columns include gold pricespot goldsilver pricespot silvergold futures, nonfarm payroll, gold basics, gold industry news, etc.

© 2023 Copyright  lriko.com