Silver prices (XAG/USD) broadly unchanged on Monday, according to FXStreet data.
Silver trades at $80.29 per troy ounce, broadly unchanged 0.08% from the $80.35 it cost on Friday
Silver prices have increased by 12.95% since the beginning of the year. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 58.13 on Monday, down from 58.69 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.