47.848 AUD
+0.61 (+1.29%)
1H
4H
1D
1W
1M

XAGAUD Key Statistics

Open price
47.135
High today
47.886
Low today
47.129
52 Week high
52.612
52 Week low
33.292
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification

About XAGAUD

Silver is broadly used as a hedge to inflation and a great addition to a portfolio to diversify investments. It is also a haven asset. This precious metal commodity has value in and of itself, both as a precious metal and an industrial metal.

What is XAGAUD?

All precious metals like gold and silver or platinum have a spot price. That is the price investors need to pay to get an ounce (14 grams) of the precious metal.

Traders eager to explore how to trade XAGAUD should understand that the spot price for silver gets determined daily. The index takes data from worldwide transactions and the Australian Dollar price in actual numbers.

How does XAGAUD work?

The spot price for silver takes data from the demand and supply of silver in the Australian economy. That gives it more chances to bid for Australian Dollars and have the daily price fixed at 5 PM Sydney time daily.

Traders who want to explore how to invest in XAGAUD should understand factors impacting its price fluctuations. When the AUD falls, there are high chances we will see an appraisal of the index prices for silver. The same applies when silver is scarce in Australian mines, and the data revealed to the press. If more industries use silver in Australia, they make its price go up, and that's how the spot price of silver works.

Trade Silver(A$) the Simplest way.
Trade XAGAUD
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