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Silver prices (XAG/USD) edged higher on Monday, with silver trading at $27.39 per troy ounce, representing a 0.64% increase from Friday’s closing price of $27.22.
Since the start of the year, silver prices have climbed by 7.54%.
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The Gold/Silver ratio, which indicates the number of troy ounces of silver required to match the value of one troy ounce of gold, stood at 85.38 on Monday, down from 85.91 on Friday.
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Investors often use this ratio to gauge the relative valuation between gold and silver. A higher ratio may suggest that silver is undervalued or gold is overvalued, prompting investors to consider buying silver or selling gold. Conversely, a lower ratio may indicate that gold is undervalued relative to silver.
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