The silver market shows positive momentum on Friday. According to current market data, the fine ounce of silver is priced at 77.91 USD per Troy ounce, representing an increase of 1.29% compared to the previous day (76.92 USD).
Current Silver Price in USD and Conversion
The current listing for silver is as follows:
Per Troy ounce: 77.91 USD
Per gram: 2.50 USD
Since the beginning of the year, the precious metal silver has experienced a significant gain of 9.60%, indicating a sustained upward dynamic in the commodity sector.
Gold/Silver Ratio Under Pressure
The gold-to-silver ratio shows an improvement for silver on Friday. The gold/silver ratio was at 57.43 and decreased compared to Thursday (58.19), meaning fewer ounces of silver are needed to equal the value of one ounce of gold. This development suggests relative strength in the silver price.
Investors are closely watching these movements, as they indicate changes in commodity demand and market sentiment.
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Silver price today in focus: Current quotes and market development
The silver market shows positive momentum on Friday. According to current market data, the fine ounce of silver is priced at 77.91 USD per Troy ounce, representing an increase of 1.29% compared to the previous day (76.92 USD).
Current Silver Price in USD and Conversion
The current listing for silver is as follows:
Since the beginning of the year, the precious metal silver has experienced a significant gain of 9.60%, indicating a sustained upward dynamic in the commodity sector.
Gold/Silver Ratio Under Pressure
The gold-to-silver ratio shows an improvement for silver on Friday. The gold/silver ratio was at 57.43 and decreased compared to Thursday (58.19), meaning fewer ounces of silver are needed to equal the value of one ounce of gold. This development suggests relative strength in the silver price.
Investors are closely watching these movements, as they indicate changes in commodity demand and market sentiment.