The XAGUSD investment tool is popular with traders and investors. Like other quotes containing metals, the XAGUSD serves as a safe haven for investors who fear to lose their capital due to economic instability.
Silver is less volatile than gold, but it cannot still be considered stable. It can fluctuate after macroeconomic data and other important financial news are published. Besides, an occasional difference between demand and supply raises volatility as well, and the number of speculative trades also increases.
To do macroeconomic analysis of the pair XAGUSD, have a look at macroeconomic stats on the USA, Japan, Great Britain, and the eurozone countries. Also, it's easy to make forecasts for silver using trend and graphical indicators. To make the most realistic prediction, use both analysis methods.
Silver is one of the most traded metals on the globe. It is used to coin money and make jewelry. This metal is widely used in industry, the production of electrical equipment, and medicine.
The main share of silver is produced in Peru, Mexico, and China. From there, it is exported to other countries, mainly to the USA, Great Britain, and Canada. Demand for the XAGUSD is rising as high technologies are developing, and new areas for applying silver and silver alloys are discovered.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.