Silver Prices Surge 3.03% on September 18

Silver prices rose on September 18, according to FXStreet data. The precious metal is currently trading at $67.18 per troy ounce, up 3.03% from Thursday's price of $65.21.

This marks a significant increase for silver, which has decreased by 5.48% since the beginning of the year. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 65.37 on Friday, down from 66.58 on Thursday.

Silver is a highly traded asset among investors due to its store of value and medium of exchange properties. While less popular than Gold, traders may turn to Silver to diversify their investment portfolio or as a potential hedge during high-inflation periods.