Silver prices refer to the market value of silver, which fluctuates based on supply and demand dynamics. Factors influencing these prices include industrial demand, investment trends, and geopolitical events. Silver is often seen as a safe-haven asset, similar to gold, especially during economic uncertainty. Investors and traders monitor silver prices closely, as they can impact various sectors, including jewelry, electronics, and photography. The prices are typically quoted in terms of ounces, and they can be affected by changes in mining production, currency values, and global economic conditions.