Silver price today: rises on June 1
The post Silver price today: rises on June 1 appeared on BitcoinEthereumNews.com. Silver prices (XAG/USD) rose on Monday, according to FXStreet data. Silver trades at $75.95 per troy ounce, up 0.89% from the $75.28 it cost on Friday. Silver prices have increased by 6.85% since the beginning of the year. Unit measure Silver Price Today in USD Troy Ounce 75.95 1 Gram 2.44 The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, stood at 59.24 on Monday, down from 60.29 on Friday. Silver FAQs Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its pr