• L. 22.156
  • H. 22.654
  • Ch. -0.208
  • Ch.% -0.93%
Costs & Margins
  • XAG/USD is the forex ticker for the spot price of silver quoted in US dollars. The value of XAG/USD represents the cost of one troy ounce of silver. While silver is also traded against other currencies in the forex market, XAG/USD is the most traded of silver pairs  

    Compared to gold, silver is a more volatile precious metal. While it is still considered a safe-haven, silver’s price is also strongly affected by supply and demand and its use in various products. Silver is used in the making of jewellery, silverware, water purification devices, batteries, motor vehicles, solar technologies and other electronics.

  • Margin From
    100.0 %
  • Trading Hours
    24 hours / day *
  • Min Trade Size
  • Long
  • Short
  • Min Stop Distance
    0.1 points
  • Spreads
  • Spreads From
    0.033 Points
  • Margins
  • 0 +
    100.0 %
  • Dealing
  • Spreads
    0.033 Points
  • Margins
  • 0 +
    100.0 %

Pivot points
Pivot point
Last Updated: 3/10/2023 10:00:00 PM

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Gold and silver trading explained

What are the symbols for spot gold and silver?

Currently we offer spot gold as XAU/USD and the symbol for spot silver is XAG/USD.

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What are the trading hours for spot gold and silver?

Spot gold and silver, which is unleveraged, trading is available 23 hours a day from 6pm ET Sunday through 5pm ET Friday. Trading is closed from 5pm to 6pm ET daily; however, you may place new working orders or edit and cancel existing working orders during that time. Spot gold and silver trading also follows CME holiday closures.

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How is margin calculated for spot gold and silver?

Normal margin on spot metals is 1:1, or 100% of the contract value.

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If you have more questions visit the Gold and Silver Trading FAQ section or start a Chat with our support team.

Looking to learn more about gold and silver trading? Visit our trading academy and use our resources to become market-ready.

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