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Silver prices, denoted as XAG/USD, showed a modest increase on Tuesday, based on data . The current trading price for silver stands at $29.60 per troy ounce, indicating a marginal rise of 0.01% compared to Monday’s price of $29.58.
Since the beginning of the year, silver prices have seen a notable increase of 24.38%.
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The Gold/Silver ratio, a key metric indicating how many ounces of silver are required to match the value of one ounce of gold, stood at 78.74 on Tuesday. This figure marks a slight decrease from Monday’s ratio of 78.92, suggesting a narrowing gap between the values of gold and silver in the market.
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These movements reflect ongoing trends and market dynamics influencing precious metal prices globally.
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