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Silver prices (XAG/USD) saw a decline on Monday, based on data . The precious metal was trading at $29.19 per troy ounce, marking a decrease of 1.24% from its Friday closing price of $29.56.
Since the beginning of the year, silver prices have shown a notable increase of 14.61%.
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The Gold/Silver ratio, which indicates how many troy ounces of silver are required to match the value of one troy ounce of gold, stood at 79.55 on Monday, up from 78.93 reported on Friday.
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Price Details:
Silver price per troy ounce: $29.19
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Silver price per gram: $0.94
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Investors are keeping an eye on market developments amidst fluctuations influenced by the strength of the US dollar and broader economic indicators.
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