Created
: 2025.01.31
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
Silver price today: Silver rises, according to FXStreet data
World FX news
Breaking news
Silver price today: Silver rises, according to FXStreet data
New
2025.01.31 18:31
2025.01.31 18:31
2025.01.31 18:31
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $31.60 per troy ounce, up 0.18% from the $31.55 it cost on Thursday.
Silver prices have increased by 9.37% since the beginning of the year.
| Unit measure | Silver Price Today in USD |
|---|---|
| Troy Ounce | 31.60 |
| 1 Gram | 1.02 |
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 88.42 on Friday, down from 88.62 on Thursday.
Silver FAQs
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.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply - Silver is much more abundant than Gold - and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals - more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers' demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
(An automation tool was used in creating this post.)
Last updated
: 2025.01.31
Related articles
Gold at fresh all-time highs ahead of US PCE
2025.01.31 18:54Silver price today: Silver rises, according to FXStreet data
2025.01.31 18:30Silver Price Forecast: XAG/USD recovers to near $30.50 as Trump's tariff threats keep outlook intact
2025.01.31 17:43India Gold price today: Gold steadies, according to FXStreet data
2025.01.31 13:36Gold price stands firm near all-time peak, just below $2,800 mark
2025.01.31 13:05Silver Price Forecast: XAG/USD moves below $31.50 despite a persistent bullish bias
2025.01.31 12:23
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
USD/SGD: Price pattern resembles a rising wedge - OCBC
USD/SGD was a touch firmer as Trump's tariff threats ahead of 1 Feb deadline undermined sentiments. Pair was last seen at 1.3540, OCBC's FX analysts Frances Cheung and Christopher Wong note.
New
2025.01.31 20:34Prospect for more RBNZ rate cuts can further weigh on NZD - BBH
NZD/USD is firmer but the prospect for more RBNZ rate cuts can further weigh on New Zealand Dollar (NZD), BBH FX analysts note.
New
2025.01.31 20:25USD/JPY: BoJ's Ueda notes more hikes in the pipeline - BBH
USD/JPY is holding above technical support at 154.00, BBH FX analysts note.
New
2025.01.31 20:09GBP/USD: BOE s widely expected to slash the policy rate - BBH
GBP/USD is range-bound around 1.2450, BBH FX analysts note.
New
2025.01.31 20:06AUD/USD Price Forecast: Falls back as US Dollar refreshes weekly high
The AUD/USD pair surrenders a majority of intraday gains after facing selling pressure above 0.6230 in Friday's European session but is still almost 0.2% higher at the press time.
New
2025.01.31 19:56USD/CAD: Canada's November GDP is the domestic focus - BBH
USD/CAD pulled back to 1.4450 after a kneejerk uptick near 1.4600 yesterday.
New
2025.01.31 19:48DXY: Boosted by tariff threats - OCBC
USD dipped after 4Q GDP disappointed but erased losses after Trump drummed up tariff threats. Specifically, he spoke about 25% tariffs on about $900bn worth of goods from Canada and Mexico on 1 Feb (Sat). Cautious trading dominated sentiments.
New
2025.01.31 19:31EUR/USD slides on soft inflation in Germany's six states, Trump's tariff threats
EUR/USD faces selling pressure and declines to near 1.0370 in Friday's European session.
New
2025.01.31 19:17Gold at fresh all-time highs ahead of US PCE
Gold's price (XAU/USD) is trading around a fresh all-time high, for now on record at $2,800.93, with still a long Friday ahead.
New
2025.01.31 18:54ECB's Muller: It is realistic for inflation to be near 2% by the middle of this year
European Central Bank (ECB) policymaker Madis Muller said on Friday that "it is realistic for inflation to be near 2% by the middle of this year." "Rates are nearing the point where they won't curb investment," Muller added.
New
2025.01.31 18:52Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
