Glossary of trading terms
XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD. XAG/USD is traded like any traditional currency pair.
In addition to gold, silver is a precious metal and is used in the creation of jewelry and silverware. It also has significant industrial use in solar panels, batteries, medical and photography equipment, and motor vehicles.
XAU/USD is the label for spot gold traded on the foreign exchange market. Gold (XAU) is traded against the US dollar (USD), and its price represents the cost of one ounce of gold in USD. XAU/USD is traded on the forex marketplace like any traditional currency pair.
While gold is primarily traded against the US dollar, FOREX.com offers gold trading as XAU/EUR, XAU/GBP, XAU/CHF and XAU/AUD as well.
XAX.X is the symbol for the AMEX composite index. The AMEX Composite Index is a capitalization-weighted index of primarily small-cap stocks and American depository receipts that trade on the New York Stock Exchange (NYSE). The index is used as a tool to monitor how small company stock prices are performing overall.