Silver Prices Match Oil Value for First Time Since 1980s
One ounce of silver now trades at $63.80, surpassing WTI crude oil’s $57.30, marking a rare price parity last seen decades ago.
Summary
No Summary provided as the original text is short
Terms & Concepts
- WTI Crude Oil: West Texas Intermediate, a benchmark grade of crude oil used in pricing and trading.
- Parity: A situation where two commodities or financial instruments reach equal value.
- Ounce (commodities): A standard unit of measure for precious metals like silver and gold, typically referring to a troy ounce.