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.

Are you interested in buying Silver (XAGUSD)? It’s easy!

SellBuyActive SellActive Buy
Active BUY
Sell28.43800
Buy28.44900
Sentiment
98.2% ▾
1-day change0.326(1.14%)

Earn from the fluctuations of prices and boost your income with LiteFinance!

Price chart of XAGUSD in real time mode

Available in trading accounts:
  • ECN
  • CLASSIC
Prev. CloseN/A
Day's RangeN/A
OpeningN/A
52 wk RangeN/A
VolumeN/A
Average VolumeN/A
Spread1.1
Swap Long-6.432
Contract size5000
Swap Short3.552
Stop&Limit Level0
UKBRENTN/AN/A-3.408 -4.27%
USCRUDEN/AN/A-3.487 -4.58%
XAGUSDN/AN/A0.326 1.14%
XAUUSDN/AN/A59.16 2.42%
XAUEURN/AN/A0.75 0.03%
XNGUSDN/AN/A0.275 13.62%
XPDUSDN/AN/A64 7.02%
XPTUSDN/AN/A-37.35 -3.83%
COCOAN/AN/A63 0.83%
COFFEEN/AN/A16.2 7.13%
CORNN/AN/A18.32 4.79%
SOYBEANN/AN/A-9 -0.89%
WHEATN/AN/A21.12 3.98%

Interesting facts about the XAGUSD (Silver)

Investing in silver has been familiar for a long time, but ways to make money on silver today remain a big deal. Newbies are recommended to work with the silver & USD trade pair, namely XAG/USD.

Infrequently, these assets are used as the main ones since it is much more challenging to operate with them than with gold or oil, but silver can become your winning strategy.

In ancient times, the population of Babylon and Assyria considered silver a symbol of the moon and revered it as a sacred metal. Later, in the Middle Ages, silver gained popularity among alchemists and this metal was widely used in the household, in coinage, and in trade.

Observable is the tendency to abrupt changes in the price of silver due to the seasonal demand for jewelry and the production of mirrors, which means that the precious metals market is not artificially regulated by the resale of assets, but has real external reinforcement. Silver can kill more than 600 various types of bacteria and has antiseptic and healing effects.

Currently, the metal is actively used in pharmacology, yet, in the crisis during the last few years, the demand has grown. This metal has rather incoherent index shifts. There was a case when the silver quotes on Forex fell dramatically from around $50.000 (April 2011) to almost $13.600 (December 2015) per troy ounce and then experienced a correction.

Eventually, fluctuations resulted in a constant need to monitor and analyze the impact of companies from Mexico, Peru, China, Spain, and Australia, as the volumes in which this metal was traded varied under their influence from year to year. LiteFinance allows you to trade silver CFD. By trading CFD, you don’t actually own the metal itself, but you can profit from price fluctuations.

Technical & Fundamental Analysis and Forecast XAGUSD (Silver)

21.08.2024 13:24
Silver May See Another Boom. Forecast as of 21.08.2024
Written by Dmitri Demidenko

Medium-term fundamental analysis. What factors can drive the XAGUSD to new all-time highs?

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10.07.2024 18:01
Silver Price Forecast & Predictions for 2024 and Beyond
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Detailed XAGUSD price forecast for 2024–2030 from top analysts and experts.

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09.07.2024 13:25
Silver Awaits Fed Rate Cut. Forecast as of 09.07.2024
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Medium-term fundamental analysis. Investors consider going long on XAGUSD amid the Fed's dovish sign...

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