XAG/USD declines for the session, extending year-to-date losses to 8.61% amid a rising Gold/Silver ratio.
Silver prices fell 1.25% to $64.97 per troy ounce on Tuesday, down from $65.79 the previous day. The decline extends the metal’s year-to-date loss to 8.61%, reflecting broader weakness in precious metals.
The Gold/Silver ratio rose to 67.58, up from 67.14 on Monday, indicating relative underperformance against gold. Factors influencing silver include USD strength, interest rate expectations, and investor demand for safe-haven assets.
Silver’s role as a portfolio diversifier and inflation hedge remains, though its price movements are often tied to macroeconomic trends and dollar fluctuations.