XAG · XAG
Silver (XAG)
Silver (XAG) is a precious metal and a widely traded commodity. This page explains its characteristics, market role, and factors influencing its price.
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XAG · Silver
Silver (XAG) – Overview, Market Role, and Key Facts
Silver, denoted by the ISO currency code XAG, is a precious metal that has served as money and a store of value for millennia. Today, it is traded globally as a commodity, with its price quoted in troy ounces against major currencies. Silver's unique properties—high electrical and thermal conductivity, reflectivity, and antimicrobial qualities—make it essential in various industrial applications, including electronics, solar panels, and medical devices.
The silver market is influenced by a complex interplay of supply and demand. On the supply side, silver is mined as a primary product and as a by-product of other metals like gold, copper, and lead. On the demand side, industrial uses account for a significant portion, alongside investment demand for coins, bars, and exchange-traded products. Economic conditions, currency fluctuations, and geopolitical events can also impact silver prices, as investors often view it as a hedge against inflation and economic uncertainty.
As a financial asset, silver is traded on major exchanges, such as the COMEX in New York and the London Bullion Market. Its price is quoted in U.S. dollars per troy ounce, but it is also available in other currencies. Investors and traders use silver for portfolio diversification and risk management. However, like all commodities, silver prices are volatile and subject to market forces. This page provides general information and does not constitute investment advice.
- Code
- XAG
- Symbol
- XAG
- Current rate
- USD / XAG
Currency information
Last updated · 8/7/2026
Silver has been used as a form of currency for thousands of years. The ISO 4217 code XAG represents one troy ounce of silver.
- Official name
- Silver (troy ounce)
- Legal tender status
- Not legal tender in any jurisdiction
- Decimal places
- 0
- Exchange-rate regime
- Commodity-based
Also known as
Silver bullion · Silver spot · Silver · Silver (troy ounce) · XAG
Practical notes
- XAG is used in international markets to quote silver prices.
- One XAG equals one troy ounce of silver.
Priority currency pairs
The most useful conversions for this currency.
Silver questions
What is the XAG exchange rate?
The displayed rate is the latest available reference rate for USD/XAG. It can change throughout the day.
How can I convert XAG online?
Use the converter above to calculate indicative amounts between XAG and the other supported currencies.