silver price today: silver rises for third straight day, according to TradingPro data
Silver prices (xag/usd) rise on friday for a third consecutive day, according to TradingPro data. silver trades at $28.64 per troy ounce, up 1.08% from the $28.33 it cost on thursday and the highest level since april 22.
Silver prices have increased by 12.45% since the beginning of the year.
unit measuretoday pricesilver price per troy ounce$28.64silver price per gram$0.92
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 82.69 on friday, down from 82.81 on thursday.
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.
