Silver prices (XAG/USD) edged lower on Thursday, according to FXStreet data, trading at $52.89 per troy ounce, a 0.51% decline from Wednesday’s close of $53.16. Despite the minor drop, Silver remains one of the top-performing assets this year, with prices up 83.06% year-to-date.
In terms of units, Silver is priced at $1.70 per gram.
Meanwhile, the Gold/Silver ratio — which reflects how many ounces of Silver are needed to buy one ounce of Gold — rose to 79.97 on Thursday, up from 79.15 the day before. This suggests Gold slightly outpaced Silver in performance during the latest session.
