XAG/USD declines for the session, extending year-to-date losses to 17.2% amid a rising gold-to-silver ratio.
Silver prices fell 1.67% to $58.84 per troy ounce on Thursday, pressured by a stronger gold-to-silver ratio and broader market trends. The decline extends the metal’s year-to-date drop to 17.23%, underperforming gold and other safe-haven assets.
The gold-to-silver ratio rose to 69.54 from 69.03 a day earlier, signaling weaker relative demand for silver. Prices remain sensitive to USD strength, interest rate expectations, and industrial demand, which has softened amid global economic uncertainty.
No immediate market reaction was reported, though traders may monitor further shifts in the ratio or macroeconomic indicators for directional cues.