XAG/USD declines 0.17% on Friday, extending modest losses despite a 6.23% year-to-date gain.
Silver prices fell to $75.51 per troy ounce on Friday, down 0.17% from Thursday’s $75.64. The decline comes as the Gold/Silver ratio rose to 59.92, up from 59.44 the prior day, signaling relative strength in gold.
Year-to-date, silver has gained 6.23%, though recent sessions reflect subdued investor demand. The metal’s performance is influenced by USD movements, interest rates, and geopolitical risks, though it remains less sensitive than gold as a safe-haven asset.
Trading dynamics also depend on industrial demand, mining supply, and ETF flows, with silver’s dual role as a precious and industrial metal adding complexity to price movements.