Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data. Silver trades at $29.28 per troy ounce, up 0.18% from the $29.23 it cost on Tuesday.
Silver prices have increased by 23.07% since the beginning of the year.
Unit measure Silver Price Today in USD
Troy Ounce 29.28
1 Gram 0.94
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 82.42 on Wednesday, broadly unchanged from 82.43 on Tuesday.
SILVER FAQS
Why do people invest in Silver?
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
