Silver prices rose 0.93% to $52.43 per troy ounce on Monday, while the Gold/Silver ratio narrowed to 78.05 from 78.27, even as the metal maintains a 26.24% decline year-to-date.
Silver rose 0.93% on Monday to $52.43 per troy ounce from $51.95 on Friday, an intraday gain confirmed by the falling Gold/Silver ratio (78.05 from 78.27). However, this is a routine daily price recap with no new driver, and silver remains down 26.24% year-to-date, so the direction is mildly positive but the market-moving significance is minimal.
Silver prices climbed to $52.43 per troy ounce on Monday, marking a 0.93% increase from Friday's close of $51.95. Despite the intraday gain, the precious metal remains down 26.24% for the year. The Gold/Silver ratio also shifted, falling to 78.05 from 78.27 in the previous session.
Silver trades at $52.43 per troy ounce on Monday, up 0.93% from $51.95 on Friday, which works out to about $1.69 per gram.
The ratio stood at 78.05 on Monday, down from 78.27 on Friday, meaning slightly fewer ounces of silver are needed to equal one ounce of gold than the previous session.