XAG/USD falls 0.17% on Friday, extending its 5.38% year-to-date loss amid a rising gold/silver ratio.
Silver prices declined to $67.26 per troy ounce on Friday, down 0.17% from Thursday’s $67.37. The move extends a 5.38% drop since the start of the year, reflecting subdued investor demand for the precious metal.
The gold/silver ratio rose to 62.79, up from 62.53 the previous day, indicating silver’s underperformance relative to gold. Factors influencing silver include geopolitical risks, USD strength, and interest rate expectations, though its safe-haven appeal remains weaker than gold’s.
Traders often use silver to diversify portfolios or hedge against inflation, with price movements tied to physical demand, mining supply, and ETF flows.