Like gold, silver is considered an asset with a higher guarantee of value retention.
(Photo: dpa)
Frankfurt Difficult times for owners of silver: the price of a troy ounce of the precious metal has fallen by almost a quarter over the past three months, and by 30 percent since the annual high after the outbreak of the Ukraine war in March. The price for a 31.1 gram piece is currently a good 18 US dollars, close to its two-year low.
Like gold, silver is suffering from rising capital market interest rates. Both precious metals bring investors no current income. So the more bond yields rise, the less attractive precious metals become. Gold also hit a low for the year at $1,681 last week.
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