Silver (XAG/USD) slipped on Wednesday, according to FXStreet data, with spot prices last seen at $38.34 per troy ounce, down 0.70% from Tuesday’s close of $38.61.
Year-to-Date performance
Despite the latest pullback, silver has delivered a strong rally in 2025, rising 32.7% year-to-date, supported by safe-haven demand and robust industrial usage in renewable energy and electronics.
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Troy Ounce: $38.34
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1 Gram: $1.23
Gold/Silver ratio rises
The Gold/Silver ratio climbed to 88.23 on Wednesday, up from 87.90 a day earlier. The ratio—measuring how many ounces of silver are needed to buy one ounce of gold—indicates a slight underperformance of silver relative to gold.
Market outlook
Analysts note that silver’s short-term movements continue to track broader dollar trends and Treasury yields, while the medium-term outlook remains constructive given ongoing momentum in industrial demand and expectations of easing Fed policy.
