Silver Price Climbs to $34.88 as Yearly Gains Exceed 20% – Tredu Reports

Silver Prices Rise to $34.88 per Troy Ounce on Thursday

XAG/USD Gains 1.14% as Demand Holds Strong

According to Tredu data, silver prices (XAG/USD) climbed to $34.88 per troy ounce in Thursday trading, marking a 1.14% increase from Wednesday’s price of $34.49. On a year-to-date basis, silver is now up 20.72%, supported by demand for precious metals amid macroeconomic uncertainty and falling real yields.

Silver Price in Different Units

UnitPrice (USD)Troy Ounce$34.881 Gram$1.12

Live Rates: Check real-time silver prices on our Silver Price Dashboard.

Gold/Silver Ratio Drops to 96.78

The Gold/Silver ratio—a key measure that reflects how many ounces of silver are needed to equal the value of one ounce of gold—fell to 96.78, down from 97.79 on Wednesday. This movement typically signals increased investor preference for silver over gold, as silver gains relatively more in value.

Learn More: Understanding the Gold/Silver Ratio.

Market Context and Forward View

Silver’s rise comes amid renewed concerns about slowing global growth, weaker US economic data, and persistent safe-haven buying. With real rates pressured and inflation expectations anchored, silver continues to attract attention from both hedgers and traders.

Key Takeaways

• Silver (XAG/USD) up 1.14% daily; 20.72% YTD gain
• Current price: $34.88 per troy ounce
• Gold/Silver ratio narrows, suggesting stronger silver performance
• Investors eye silver amid USD weakness and macro headwinds