Full trading conditions >>
|Product Type: Metal CFD||Market: Global|
|Currency: USD||Measurement Unit: Troy Ounce|
Silver is a common exchange-traded product that is traded on commodity markets across the globe. Its spot price denotes the amount of United States dollars needed to buy one troy ounce of silver (XAG). As such, a silver CFD is often represented in the form of XAG/USD. Unlike other currencies, silver is not limited to any particular geographical location, meaning it can be traded 24 hours a day, all year round. Another important advantage is that it has very high market liquidity – allowing traders to open and close a position almost whenever they want. The process of determining silver's spot price involves an estimation of worldwide silver extraction and production, while taking into consideration with the effects of economic and political events, general speculation in markets and the value of other currencies. Spot prices are calculated and published every few seconds during market hours.