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Commodities

Silver Price Drops Amid Market Volatility

Guavy AI Editorial Team
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Silver
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Silver prices have taken a hit on Thursday, according to FXStreet data. The metal is now trading at $63.80 per troy ounce, down 0.98% from Wednesday's price of $64.43.

This decline marks a significant drop in silver prices, which have decreased by 10.25% since the beginning of the year.

The Gold/Silver ratio, which indicates how many ounces of silver are needed to equal the value of one ounce of gold, stood at 66.83 on Thursday, up from 66.54 on Wednesday.

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