XAGUSD

XAG/USD represents the price of silver (XAG) quoted in US dollars (USD). It is a popular commodity pair in the financial markets, with silver valued both as a precious metal and an industrial asset. Silver prices are influenced by factors such as global industrial demand, especially from sectors like electronics and solar energy, as well as monetary policy, inflation rates, and the strength of the US dollar. Like gold, silver is considered a safe-haven asset during times of economic uncertainty, but it tends to be more volatile due to its dual role in both investment and industrial applications. Traders closely monitor economic data, interest rates, and geopolitical events when trading XAG/USD.