x
Market Holidays Click Here
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $72.88 per troy ounce, up 0.12% from the $72.79 it cost on Monday.
Silver prices have increased by 2.52% since the beginning of the year.
Unit measure | Silver Price Today in USD |
|---|---|
Troy Ounce | 72.88 |
1 Gram | 2.34 |
The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 64.29 on Tuesday, up from 63.87 on Monday.
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.)
FXStreet global market news with bilingual coverage.
Silver prices (XAG/USD) rose on Tuesday, according to FXStreet data. Silver trades at $72.88 per troy ounce, up 0.12% from the $72.79 it cost on Monday.
新加坡 外汇储备: 419.2B (三月) vs 416.1B
西班牙 6-Month Letras Auction: 2.362% vs 2.059%
星展集团研究部的Philip Wee预计纽储行将在4月8日的会议上维持政策不变，忽略由能源驱动的通胀。他指出，行长Anna Breman在通胀预期失锚的情况下持有有条件的鹰派立场。Wee强调，纽元/美元已回撤了此前大部分涨幅，可能在0.5630附近沿趋势线找到技术支撑。
荷兰国际集团（ING）分析师Ewa Manthey和Warren Patterson指出，央行已恢复强劲的黄金购买，2月份的净购买主要由波兰带动，中国、捷克共和国等国也持续增持。他们认为，这种稳定的官方部门需求，加上地缘政治不确定性和储备多元化需求，应有助于支撑黄金价格，并在市场波动期间限制下行风险，尽管投资者资金流动较为疲软。
DBS Group Research’s Philip Wee expects the Reserve Bank of New Zealand to keep policy on hold at its April 8 meeting, looking through energy-driven inflation. He notes Governor Anna Breman’s conditional hawkishness if inflation expectations de-anchor.
Singapore Foreign Reserves (MoM) climbed from previous 416.1B to 419.2B in March
ING analysts Ewa Manthey and Warren Patterson highlight that central banks have resumed strong Gold buying, with February net purchases led by Poland and continued accumulation by China, Czech Republic and others.
Spain 6-Month Letras Auction up to 2.362% from previous 2.059%