XAG/XAU: what to know
The XAG/XAU rate shows how much XAU you get for 1 XAG. Right now, 1 XAG buys 0.0148 XAU at the mid-market rate. In the other direction, 1 XAU is worth 67.4483 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while XAU responds to real interest rates, the dollar and safe-haven demand.
“XAG” uses silver’s Latin symbol Ag (argentum). The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au.
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.