XAG/USD falls 0.25% on Monday, extending its 3.21% year-to-date loss amid a stronger Gold/Silver ratio.
Silver prices declined to $68.80 per troy ounce on Monday, down 0.25% from Friday’s $68.98 close. The move extends a 3.21% drop since the start of the year, reflecting subdued investor demand for the precious metal.
The Gold/Silver ratio rose to 67.46, up from 66.74 on Friday, indicating relative weakness in silver compared to gold. Factors influencing silver’s performance include geopolitical risks, U.S. dollar strength, and shifts in interest rate expectations.
Silver, often used as a hedge against inflation or portfolio diversifier, remains sensitive to macroeconomic trends and currency fluctuations. Its price is also affected by industrial demand and mining supply dynamics.