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XAGUSD

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    38.399$
  • Previous Close
    38.4639$
  • 52 Week Change
    --
  • Day Range
    -0.06$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

XAGUSD.FOREX typically refers to the spot price of silver against the US dollar in the foreign exchange (forex) market. XAG is the ISO 4217 currency code for silver, and USD is the ISO currency code for the US dollar. The .FOREX suffix indicates that the price is being quoted within the forex market framework, where currencies and precious metals are traded continuously and globally. Therefore, XAGUSD.FOREX represents the exchange rate, or how many US dollars are needed to purchase one troy ounce of silver.
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Factors

Global demand: Increased industrial use boosts silver prices

USD strength: Stronger USD typically weakens XAGUSD

Interest rates: Higher rates can decrease silver's appeal

Inflation: Silver can act as an inflation hedge

Geopolitical risks: Uncertainty often increases silver demand

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