XAG/USD rises sharply on Friday, reversing recent losses amid a weaker dollar and shifting investor demand for precious metals.
Silver prices surged 4.6% to $64.34 per troy ounce on Friday, recovering from Thursday’s close of $61.52. The rally narrowed the Gold/Silver ratio to 67.00, down from 68.92 a day earlier, signaling relative strength in silver.
Year-to-date, silver remains down 9.5%, underperforming gold amid broader market volatility. The metal’s price movements are influenced by factors including geopolitical risks, U.S. dollar strength, and interest rate expectations.
Investors often turn to silver as a hedge during inflationary periods or economic uncertainty, though its safe-haven appeal is typically less pronounced than gold’s.