Silver (XAG/USD)

Silver, quoted as XAG/USD, is the price of one troy ounce of silver in US dollars and is traded on retail platforms as a CFD or spot metal contract rather than as physical bullion. It sits alongside gold in the precious metals group but behaves differently, because a large share of silver demand is industrial as well as monetary. That dual role tends to make silver more volatile than gold in percentage terms, and it often reacts to both risk sentiment and the industrial cycle. Traders frequently watch the gold-to-silver ratio for relative value context. Contract size, tick value and margin for XAG/USD are set by each broker in the instrument's specification.