XAG Silver Ounce rates, news, and tools

This will make the process simpler and give a good guide for your directional trades. XAG is the symbol used for trading silver in the forex market. It represents the exchange rate between the US dollar and one troy ounce of silver. The abbreviation XAG comes from the Latin word ‘argentum’, which means silver. XAG is also referred to as ‘Silver Spot’, which is the current price of silver in the market.

Players receive xAG only when a shot is taken after a completed pass. This shows why a team or player’s total xG may not equal the sum of the xG from their shots and why a team’s total xG may not equal the sum of the xG from their players. In other words, we estimate that an average team in a similar situation would be expected to score a goal 93.43% of the time. We have tools and resources that can help you use sports data.

1. When acquiring our derivative products you have no entitlement, right or obligation to the underlying financial asset.
2. A common misconception is that Silver or Gold are inflation hedges, so when inflation is high the precious metals appreciate and when inflation is low the precious metals depreciate.
3. When the Fed begins a tightening cycle raising interest rates, real yields rise and XAG/USD falls.
4. In order to just isolate the xG on passes that assist a shot, there’s Expected Assisted Goals (xAG).

Trading XAG forex involves buying and selling contracts for difference (CFDs) that represent the underlying price of silver. CFDs allow traders to speculate on the price of silver without https://forexhero.info/ owning the physical asset, making them a popular choice for forex traders. With CFDs, traders can go long (buy) or short (sell) on silver, depending on their market outlook.

It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice. Any examples given are provided for illustrative purposes only and no representation is being made that any person will, or is likely to, achieve profits or losses similar to those examples. DailyFX Limited is not responsible for any trading decisions taken by persons not intended to view this material. The most important charts to follow for XAG/USD is the XAU/USD chart (which represents Gold) and the US Real Yield, which is the yield you get after adjusting for inflation expectations. Both Silver and Gold are precious metals, they are generally correlated, and they are considered risk-free assets. Silver supply is predominantly derived from mining operations, central bank sales, and precious ore recycling, so supply fluctuations have a significant impact on XAG/USD prices.

FBref’s xG totals include penalty kicks unless otherwise noted. For xG excluding PK, we recommend using npxG (non-penalty expected goals). In addition to gold, silver is a precious metal and is used in the creation of jewelry and silverware. It also has significant industrial use in solar panels, batteries, medical and photography equipment, and motor vehicles.

Possessions that include a penalty kick

Regular xG, or what can be considered “Pre-Shot xG”, is calculated considering all shots at the time of the shot without knowing the quality of the shot attempt. It not only includes shots that are on target, but also shots that are deflected or off target. Post-Shot xG is calculated after the shot has been taken, once it is known that the shot is on-target, taking into account the quality of the shot. As with xG, PSxG is provided by Opta and is further explained here. The shot was taken directly in front of the goal from very close range. Using an older model that accounts for location, angle, pass type, and such, it would have a 0.68 xG.

In the current context of aggressive monetary tightening by the Federal Reserve, the XAG/USD price is more likely to continue on its downtrend. This is because the Fed wants higher real yields to make their monetary policy as restrictive as possible to fight a historically high inflation. The price of silver can also be influenced by market volatility. In contrast to the larger and more liquid gold market, the silver market is smaller, with fewer participants and lower trading volumes. Consequently, fluctuations in supply and demand can have a disproportionately large impact on silver prices. Being a safe-haven asset, silver attracts investors during times of global instability, trade tensions, and economic turmoil.

United States Dollar

Always choose a good, reputable, and regulated broker to avoid unnecessary problems. When you open a trading account with a broker, you will have to supply your KYC documents and, once approved, deposit money to be able to trade. Finally, you can use the broker trading platform to execute your trades. Most retail brokers let you also trade on MetaTrader 4 or MetaTrader 5, which are two of the most famous and popular trading platforms among retail traders. Most retail brokers offer CFD trading, although you can also trade XAG/USD via other derivatives like futures or options that trade on exchanges but are more expensive than CFDs.

You can also find Silver traded with other currencies like XAG/EUR or XAG/GBP. This exchange rate tells you how many US Dollars you need to buy one troy ounce of Silver. For example, if XAG/USD is trading at 18.70, it means that you need 18.70 US Dollars to buy one troy ounce of Silver. So, when the price is going up, Silver is said to be appreciating or getting stronger and vice versa when the price is going down.

Silver Price: Current Pricing, Prices & Rate Chart

The price of silver is driven by similar factors to gold including inflation rates, global DP growth, interest rates, and the monetary policies of influential central banks. XAG/USD is how silver is labeled for spot trading on the foreign exchange market. Silver (XAG) is traded against the US dollar (USD), so its price shows how much one ounce of silver is worth in USD. Like all trading, XAG forex trading carries the risk of financial loss. Traders should use risk management strategies, such as setting stop-loss orders, to limit potential losses. Additionally, XAG forex trading is subject to market volatility and liquidity risks, meaning that prices can fluctuate rapidly and trading may be more difficult during periods of low liquidity.

These expectations come from various macro fundamentals but the most important one is the US Federal Reserve monetary policy. When the Fed begins a tightening cycle raising interest rates, real yields rise and XAG/USD falls. When the Fed begins a cutting cycle slashing interest rate, real yields fall, and XAG/USD rises. Below you can see the chart showing the inverse relationship between US real yields and silver price.

Utilize our free live real-time chart for currency pairs,

Our currency rankings show that the most popular US Dollar exchange rate is the USD to USD rate. Our currency rankings show that the most popular Silver Ounce exchange rate is the XAG to USD rate. Below, you’ll find Silver Ounce rates and a currency converter. Silver is correlated with Gold although sometimes you can see them decouple for other factors like supply and demand.

Technical analysis involves studying price charts and using indicators to identify trends and potential trade opportunities. Fundamental analysis involves analyzing economic data releases, news events, and other factors that can impact the price of silver. When Russia invaded Ukraine the first reaction in the markets was a flight to safety. In fact, the first reaction made US real yields to fall (nominal yields down and inflation expectations up) and thus the price of Silver climbed.

XAG to USD – Convert Silver Ounces to US Dollars

The XAG forex symbol allows traders to speculate on the price of silver in the forex market. Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable td ameritrade forex for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. This information is made available for informational purposes only.