Previous Page

XAG/USD

AnalyticsTrade Team
AnalyticsTrade Team Last updated on 27 Apr 2023

Table of Contents

XAG/USD

XAG/USD is a currency pair that represents the exchange rate between one troy ounce of silver and the United States dollar. It is one of the most actively traded currency pairs in the world and is often used as a hedge against inflation. The XAG/USD rate is determined by the supply and demand of silver in the market, as well as the strength of the U.S. dollar.

History of XAG/USD

The XAG/USD currency pair has been around since the early 2000s, when silver began to be traded on the open market. Since then, the XAG/USD rate has fluctuated significantly, with the price of silver often being driven by the demand for industrial and investment purposes. The XAG/USD rate is also affected by the strength of the U.S. dollar, as the dollar is the base currency of the pair.

XAG/USD Table of Comparisons

Date XAG/USD
January 1, 2020 15.50
January 1, 2021 17.50
January 1, 2022 19.50

Summary

XAG/USD is a currency pair that represents the exchange rate between one troy ounce of silver and the United States dollar. It is one of the most actively traded currency pairs in the world and is often used as a hedge against inflation. The XAG/USD rate is determined by the supply and demand of silver in the market, as well as the strength of the U.S. dollar. For more information about XAG/USD, you can visit websites such as Investing.com, FXStreet, and Bloomberg.

See Also

  • XAU/USD
  • EUR/USD
  • GBP/USD
  • AUD/USD
  • CAD/USD
  • CHF/USD
  • NZD/USD
  • JPY/USD
  • USD/CNY
  • USD/INR

Do you like the post? Share it now:

AnalyticsTrade Team

AnalyticsTrade Team

🎉 Introducing AnalyticsTrade's exceptional team of expert analysts! 🌟 These seasoned pros have been dominating the capital market, trading a diverse range of assets for more than 15 years! 📈💹 Get ready to level up your game with our top-notch, captivating resources in the capital market! 🚀📚

Was this article helpful?

X

Thank You for Contacting Us!

Your email has been successfully submitted and we will get in touch with you shortly