Money and business

Silver flying over the $ 30 .. strong gains since the beginning of the year ignites the enthusiasm of investors

Silver prices continue to attract attention at the beginning of the week after it recorded a remarkable rise in Monday’s transactions, according to FXSTREET data.

The price of silver was 30.02 dollars per ounce, achieving 1.51% compared to its price on Friday, which recorded $ 29.58, and this rise is a continuation of a rising direction that started at the beginning of the year.

Market trends since the beginning of the year

Since the beginning of 2025, silver prices have increased by 3.91%, which reflects a state of optimism in the market regarding this precious mineral, and this increase shows that silver still maintains its position as a safe and attractive origin for investors, especially in times of economic fog and geopolitical fluctuations.

The percentage of gold to silver .. indicates market transformations

The percentage of gold to the silver decreased to 100.69 on Monday, compared to 102.71 on Friday, and this percentage indicates the number of silver ounces needed to equal the value of one ounce of gold, and its decrease is indicative that silver has begun to gain relatively stronger momentum compared to gold.

Why do some investors prefer silver?

Although silver is not popular with gold, it is considered one of the precious minerals that investors looking for diversification in their governorates turn to, and silver has a fundamental value, and has been used for centuries as a way to exchange and save wealth, as it constitutes an attractive option to hedge against inflation, and the possibility of purchasing silver is not limited to owning them financially in the form of currencies or alloys, but also includes financial tools Like the circulating indicators that follow the movement of their price in the global markets.

Factors that affect the price of silver

Silver prices are affected by several factors, including global supply and demand, especially in silver industries such as technology and solar energy, and gold movements directly affect silver, given the interdependence between them in financial markets, as silver tends to move in the same direction but at a more volatile pace.

Related Articles

Back to top button