Select Language

Silver price today: Silver rises, according to FXStreet data

Breaking news

Silver price today: Silver rises, according to FXStreet data

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.03.10 18:32
Silver price today: Silver rises, according to FXStreet data

update 2025.03.10 18:32

Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $32.56 per troy ounce, up 0.20% from the $32.49 it cost on Friday.

Silver prices have increased by 12.67% since the beginning of the year.

Unit measure Silver Price Today in USD
Troy Ounce 32.56
1 Gram 1.05

The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 89.45 on Monday, down from 89.56 on Friday.

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.)


Date

Created

 : 2025.03.10

Update

Last updated

 : 2025.03.10

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

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

EUR/JPY slumps to near 159.00 as Japanese Yen strengthens amid safe-haven demand

The EUR/JPY pair falls sharply to near 159.00 in European trading hours on Monday.
New
update2025.03.10 20:36

EUR/GBP to trade at 0.81 in 12 months - Danske Bank

EUR/GBP rose sharply last week fuelled by the sell-off in European fixed income, which was triggered by the outlook of a fundamental change in fiscal spending in Germany, lending support to the broad EUR, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
New
update2025.03.10 20:03

USD/CAD to tick down to 1.41 - Danske Bank

For CAD FX, all eyes will be on Wednesday, with the BoC meeting at 14:45 CET, where markets and consensus favour a 25bp rate cut, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
New
update2025.03.10 19:55

USD/JPY hits the soft target of 147 - Danske Bank

USD/JPY has steadily declined from 157 to around 148 YTD, as narrowing US-Japan yield differentials and a volatile global investment environment have generally favoured the JPY, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
New
update2025.03.10 19:53

EUR/USD: Focus shifts toward cyclical US growth - Danske Bank

EUR/USD has stabilized in the 1.08-1.09 range after a highly volatile week, marking its biggest jump since 2009 following a regime shift in euro area fiscal policy, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
New
update2025.03.10 19:50

EU bonds underperform - Danske Bank

It has been a dramatic week in the global bond markets on the back of the German EUR 500bn infrastructure plan as well as more money for the defence spending and the changes to the Debt Brake.
New
update2025.03.10 19:46

USD/CAD trades sideways below 1.4400, BoC policy in focus

USD/CAD consolidates below 1.4400 as both the US Dollar and the Canadian Dollar are underperforming.
New
update2025.03.10 19:44

USD/CNH: Downward pressure remains intact - UOB Group

Further sideways trading seems likely; probably between 7.2300 and 7.2530.
New
update2025.03.10 19:38

USD/CNH: China's economy is struggling to escape a deflationary spiral - BBH

USD/CNH rallied overnight by roughly 0.45% towards 7.2700, BBH FX analysts report.
New
update2025.03.10 19:32

Agriculture: WASDE expectations - ING

The USDA will release its monthly World Agricultural Supply and Demand Estimates (WASDE) report on Tuesday.
New
update2025.03.10 19:30

Disclaimer:arw

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.

  • Facebook
  • Twitter
  • LINE

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

I agree
share
Share
Cancel