XAG/USD declines for the session, extending year-to-date losses to 19.1% amid a rising gold-to-silver ratio.
Silver prices fell 1.5% to $57.53 per troy ounce on Tuesday, down from $58.40 the previous day. The decline extends the metal’s year-to-date drop to 19.1%, reflecting weaker investor demand and broader market trends.
The gold-to-silver ratio rose to 70.27, up from 69.81 on Monday, indicating silver’s underperformance relative to gold. Factors influencing silver include geopolitical risks, USD strength, and shifts in interest rate expectations.
Silver remains a yieldless asset, often sensitive to dollar movements and macroeconomic conditions. Mining supply and recycling rates also play a role in price fluctuations.