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XAGUSD
XAGUSD
?The silver-to-dollar trading pair, XAGUSD, combines the global strength of the U.S. dollar with the enduring value of silver. Silver, also known as poor man's gold, possesses a distinctive dual allure as a precious metal and an industrial powerhouse. Silver was initially discovered in significant quantities around 5000 BC when prehistoric individuals began excavating the first copper mines and dis
The precious metals market governs gold-listed securities and transactions. In turn, trading in precious metals involves buying/selling physical gold, silver, or other valuable metals as futures contracts or CFDs with a defined expiration date.
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The current price of XAGUSD is 30.612, and the digits 12 represent 1.2 decimals. The pip size of XAGUSD is 0.01.
The target spread for XAG/USD is 4.32 pips/points.
Silver is denoted by the currency code XAG.
Similar to gold, the price of silver is influenced by inflation rates, global DP growth, interest rates, and the monetary policies of influential central banks. The price of silver is more influenced by supply and demand factors than that of gold due to the low market liquidity of silver.
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