March 16, 2023 01:31 PM
Overview
Costs & Margins
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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.
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Margin From100.0 %
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Trading Hours24 hours / day *
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Min Trade Size1
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Long-0.17
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Short0.15
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Min Stop Distance0.1 points
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Spreads
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Spreads From0.033 Points
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Margins
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0 +100.0 %
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Dealing
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Spreads0.033 Points
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Margins
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0 +100.0 %
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Gold and silver trading explained
What are the symbols for spot gold and silver?
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.
