Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $27.23 per troy ounce, down 0.29% from the $27.31 it cost on Tuesday.

Silver prices have increased by 6.91% since the beginning of the year.

The Gold/Silver ratio, which shows the number of troy ounces of Silver needed to equal the value of one troy ounce of Gold, stood at 85.16 on Wednesday, up from 85.02 on Tuesday.

Investors might use this ratio to determine the relative valuation of Gold and Silver. Some may consider a high ratio as an indicator that Silver is undervalued - or Gold is overvalued - and might buy Silver or sell Gold accordingly. Conversely, a low ratio might suggest that Gold is undervalued relative to Silver.

Global Market Movers: Comex Silver price stays defensive on ebbing geopolitical fears

• Comex Silver price turns red around $27.30 on Wednesday, despite the weaker US Dollar. 
• A relaxation in Middle East geopolitical tensions drags Silver price to a two-week low. 
• The rising demand for white metal in industrial uses supports the XAG/USD. 
• Investors will take more cues about the US inflation trajectory and interest rate outlook from the US Q1 Gross Domestic Product (GDP) number on Thursday and the Core Personal-Consumption Expenditures (PCE) Price Index due on Friday.

(An automation tool was used in creating this post.)