Select Language

Silver price today: Silver falls, according to FXStreet data

Breaking news

Silver price today: Silver falls, according to FXStreet data

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.04.30 18:32
Silver price today: Silver falls, according to FXStreet data

update 2025.04.30 18:32

Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data. Silver trades at $32.34 per troy ounce, down 1.80% from the $32.94 it cost on Tuesday.

Silver prices have increased by 11.94% since the beginning of the year.

Unit measure Silver Price Today in USD
Troy Ounce 32.34
1 Gram 1.04

The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 101.40 on Wednesday, up from 100.73 on Tuesday.

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

 : 2025.04.30

Update

Last updated

 : 2025.04.30

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

Breaking: US core PCE inflation softens to 2.6% in March as expected

Inflation in the US, as measured by the change in the Personal Consumption Expenditures (PCE) Price Index, edged lower to 2.3% on a yearly basis in March from 2.5% in February, the US Bureau of Economic Analysis (BEA) reported on Wednesday. This reading came in above the market expectation of 2.2%
New
update2025.04.30 23:03

USD/CAD remains unchanged above 1.3800 after US/Canada GDP data

The USD/CAD pair has not moved much and stays around 1.3830 during the North American trading session on Wednesday after the release of the Gross Domestic Product (GDP) data of both the United States (US) and Canada.
New
update2025.04.30 23:03

China April PMIs show trade war hit - ABN AMRO

China's April manufacturing PMIs clearly hit by US-China trade war. Official non-manufacturing PMI and composite PMI also came down. Concrete signs of export shock make stepping up of support likely.
New
update2025.04.30 22:53

US ADP private sector employment rises 62,000 in April vs. 108,000 expected

Private sector employment in the US rose 62,000 in April and annual paw was up 4.5% year-over-year, the Automatic Data Processing (ADP) reported on Wednesday.
New
update2025.04.30 21:21

Germany annual CPI inflation declines to 2.1% in April

Inflation in Germany, as measured by the change in the Consumer Price Index (CPI), edged lower to 2.1% on a yearly basis in April from 2.2% in March, Destatis' flash estimate showed on Wednesday.
New
update2025.04.30 21:03

JPY is underperforming on data disappointment - Scotiabank

Japanese Yen (JPY) is weak, down 0.5% against the US Dollar (USD) and underperforming all the G10 currencies on the back of weaker than expected industrial production and retail sales data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
update2025.04.30 20:57

GBP soft in quiet trade, consolidating recent rally - Scotiabank

Pound Sterling (GBP) is soft, down 0.3% against the US Dollar (USD) and underperforming most G10 currencies in quiet, mixed trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
update2025.04.30 20:55

CAD holds trading range - Scotiabank

April has been good for the Canadian Dollar (CAD) (it's strongest month against the US Dollar (USD) since 2019) but spot continues to range trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
New
update2025.04.30 20:50

USD consolidates ahead of GDP - Scotiabank

The US Dollar (USD) continues to consolidate and is trading mixed versus its major currency peers on the session.
New
update2025.04.30 20:48

EUR marginally weaker - Scotiabank

GDP surprises to upside and German state-level CPI data are strong
New
update2025.04.30 20:45

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