XAG/EUR: what to know
The XAG/EUR rate shows how much EUR you get for 1 XAG. Right now, 1 XAG buys 57.2746 EUR at the mid-market rate. In the other direction, 1 EUR is worth 0.0175 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while EUR responds to ECB policy and eurozone growth.
“XAG” uses silver’s Latin symbol Ag (argentum). The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the XAG/EUR rate has ranged between 34.8076 and 97.2288 — a change of +64.03% versus a year ago.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.