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Commodities

Silver Price Holds Steady Amid Minimal Movement

Guavy AI Editorial Team
Instruments
Silver
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Silver prices have remained steady on September 21, showing minimal movement since Friday. According to FXStreet data, Silver is trading at $66.22 per troy ounce, down a mere 0.05% from its previous price of $66.26.

This represents a decrease of 6.84% in value since the beginning of the year. The Gold/Silver ratio has also seen a slight decline, standing at 65.74 on Monday, down from 66.07 on Friday.

Silver's price stability can be attributed to various factors, including its role as a safe-haven asset during times of geopolitical instability or economic uncertainty. Its value is also influenced by the US Dollar, with a strong USD tending to keep Silver prices in check.

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