XAG/USD declines for the first time in three sessions, erasing part of its 18.58% year-to-date gain.
Silver prices fell 2.00% to $84.29 per troy ounce on Tuesday, retreating from Monday’s $86.01 close. The move pushed the Gold/Silver ratio to 55.80, up from 55.06 the prior day.
Year-to-date, silver remains 18.58% higher, supported by lower interest rates and safe-haven demand. The metal’s correlation with the USD and geopolitical risks continues to drive volatility.
No immediate market reaction was reported following the price drop.