Silver Prices man

Silver prices averaged USD 75.75 per troy ounce in April, down 3.5% from March. On 30 April, the commodity traded at USD 73.75 per troy ounce, up 0.5% from 31 March.

Average silver prices fell for a third consecutive month in April, moving further below the all-time peak reached towards the end of January. Silver was pressured as market analysts scaled back their forecasts for Fed rate reductions this year amid the surge in global energy prices. Because silver generates no yield, it typically struggles when interest rates are higher. Still, the metal remains expensive by historical measures and is currently trading at more than triple the past-decade average.