Silver Prices Plummet by 0.47%

Silver prices took a hit on Monday, according to data from FXStreet. The precious metal traded at $65.90 per troy ounce, down 0.47% from its Friday price of $66.21. This decline marks the eighth consecutive day of losses for silver.

The price of silver has decreased by 7.29% since the beginning of the year, making it a challenging time for investors in this sector. The Gold/Silver ratio remained largely unchanged at 66.94 on Monday, indicating that gold still holds significant value compared to silver.