XAG/USD: what to know
The XAG/USD rate shows how much USD you get for 1 XAG. Right now, 1 XAG buys 66.5870 USD at the mid-market rate. In the other direction, 1 USD is worth 0.0150 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while USD responds to Fed policy, US growth and global risk appetite.
“XAG” uses silver’s Latin symbol Ag (argentum). The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the XAG/USD rate has ranged between 40.8780 and 115.0800 — a change of +63.06% 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.