XAG/XPT: what to know
The XAG/XPT rate shows how much XPT you get for 1 XAG. Right now, 1 XAG buys 0.0359 XPT at the mid-market rate. In the other direction, 1 XPT is worth 27.8726 XAG.
In the short term XAG is driven mainly by industrial demand and precious-metal trends, while XPT responds to industrial (auto) demand and supply.
“XAG” uses silver’s Latin symbol Ag (argentum). Platinum is rarer than gold and vital for catalytic converters.
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.