XAGUSD
XAG/USD represents the exchange rate between silver (XAG) and the U.S. dollar (USD). It shows how many U.S. dollars are needed to buy one ounce of silver.
Silver is both a precious metal and an industrial commodity, meaning its price is influenced by market demand, inflation, interest rates, economic conditions, and geopolitical risks. It often moves in tandem with gold but can be more volatile due to its industrial applications. When the U.S. dollar weakens, XAG/USD tends to rise, and when the dollar strengthens, silver prices often decline.
Silver is both a precious metal and an industrial commodity, meaning its price is influenced by market demand, inflation, interest rates, economic conditions, and geopolitical risks. It often moves in tandem with gold but can be more volatile due to its industrial applications. When the U.S. dollar weakens, XAG/USD tends to rise, and when the dollar strengthens, silver prices often decline.
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