XAG/USD rises to $69.94 per ounce, trimming year-to-date losses amid shifting investor demand and dollar dynamics.
Silver prices advanced 2.67% on Friday, trading at $69.94 per troy ounce, up from $68.12 the previous day. The move trimmed year-to-date losses to 1.61%, reflecting renewed investor interest in the precious metal.
The Gold/Silver ratio fell to 65.71 from 66.35 on Thursday, signaling relative strength in silver. Prices have been influenced by factors including geopolitical risks, US Dollar movements, and shifts in interest rate expectations.
Silver, often used as a portfolio diversifier or inflation hedge, remains sensitive to macroeconomic trends and safe-haven flows, though typically less so than gold.