Silver (XAG/USD): price today and what moves it
XAG/USD is the price of one troy ounce of silver in US dollars. It shares gold's role as a precious metal, but more than half of its demand is industrial (electronics, solar panels), so it is usually more volatile and more sensitive to the economic cycle.
Silver (XAG/USD) · XAGUSD
56.957 USD
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Source: broker feed connected to AIMPATFX. Page refresh every two minutes. Prices may differ across providers and do not guarantee execution.
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What is Silver (XAG/USD)?
XAG/USD is the price of one troy ounce of silver in US dollars. It shares gold's role as a precious metal, but more than half of its demand is industrial (electronics, solar panels), so it is usually more volatile and more sensitive to the economic cycle.
What moves the price
Industrial demand
Electronics and solar panel manufacturing weigh heavily on consumption: industrial growth expectations move silver more than gold.
Gold price
It usually moves in the same direction as gold, often with larger swings; the gold/silver ratio helps compare the two.
Dollar and real yields
Like gold, it tends to benefit from a weaker dollar and falling real yields.
Mine supply
Much silver is a by-product of copper, lead or zinc mines, so supply reacts slowly to prices.
Check earnings and news against their publication dates, the economic calendar, liquidity and contract specifications. These factors explain risks; they do not alone determine a buy or sell decision.
When it moves the most
It trades almost 24 hours from Sunday to Friday, with a daily break. Liquidity peaks at the London open and during the overlap with New York.
Data and events to watch
- Federal Reserve decisions
- US CPI and nonfarm payrolls
- China and US manufacturing PMIs
- US Dollar Index (DXY)
- Gold price moves
Before deciding
Define entry, invalidation and maximum loss. Size the position using tick value in your account currency. Include costs and check the quote before transferring levels from another provider.
Learn more
- Gold and dollar correlation: how XAU/USD and the DXY are linked
- Gold price today: XAU/USD snapshot for Friday, October 16
- Market volatility: what it is, how it is measured and what it does not tell you
- Trading risk management: the 1% rule and how to calculate lot size
Frequently asked questions
Why is silver more volatile than gold?
Its market is smaller and much of its demand comes from industry, so it reacts both to monetary factors and to growth expectations.
What is the gold/silver ratio?
It is how many ounces of silver buy one ounce of gold (gold price divided by silver price). It compares relative value; on its own it is not a buy or sell signal.
How much is a move in XAG/USD worth?
It depends on the contract: at many brokers 1 lot equals 5,000 ounces, so a $0.01 move is worth $50 per lot. Check your account specifications.