Silver Prices Slip Amid Market Volatility
Silver prices dropped on Tuesday, September 22, according to FXStreet data. The metal traded at $65.61 per troy ounce, down 0.78% from Monday's price of $66.13.
The year-to-date decline in silver prices now stands at 7.69%. This means that investors who bought silver at the beginning of the year are currently facing losses.
Additionally, the Gold/Silver ratio increased to 65.95 on Tuesday, indicating that it takes more ounces of silver to equal the value of one ounce of gold compared to Monday's ratio of 65.68.