Silver Prices Drop, but Year-to-Date Gains Remain Strong

Silver prices (XAG/USD) experienced a decline on Wednesday. The metal traded at $30.82 per troy ounce, marking a 0.65% drop from Tuesday’s price of $31.03.

Despite this recent dip, silver has seen significant growth in 2024, with a year-to-date increase of 29.54%.

For today’s silver pricing:

Troy Ounce: $30.82

Per Gram: $0.99

Additionally, the Gold/Silver ratio, which indicates how many ounces of silver are required to equal the value of one ounce of gold, rose to 85.66 on Wednesday, up slightly from 85.16 the previous day.

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