Silver prices (XAG/USD) experienced a slight decline on Monday. The current price stands at $30.25 per troy ounce, reflecting a decrease of 0.53% from Friday’s price of $30.41.
Since the beginning of the year, silver prices have seen a notable increase of 18.77%.
Here’s a breakdown of today’s silver prices:
Silver price per troy ounce: $30.25
Silver price per gram: $0.97
Meanwhile, the Gold/Silver ratio, which illustrates the number of troy ounces of silver required to equal the value of one troy ounce of gold, rose to 76.88 on Monday, up from 76.53 on Friday.
Investors often utilize this ratio to assess the relative valuation of gold and silver. A higher ratio may indicate that silver is undervalued compared to gold, prompting some investors to consider buying silver or selling gold. Conversely, a lower ratio may suggest that gold is undervalued relative to silver.
