XAG/USD declines 0.99% on Friday, extending its year-to-date loss to 8.47% amid a stable gold/silver ratio.
Silver prices retreated 0.99% to $65.06 per troy ounce on Friday, down from $65.71 the previous day. The decline adds to an 8.47% drop since the start of the year, reflecting subdued investor demand for the precious metal.
The gold/silver ratio remained nearly unchanged at 64.01, compared with 64.06 on Thursday. Silver’s performance continues to lag behind gold, influenced by factors such as interest rates, USD strength, and geopolitical risks.
Traders often turn to silver as a hedge during inflationary periods or market uncertainty, though its volatility and industrial demand differentiate it from gold.