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Thinking of trading XAGUSD?

    1. Silver's inverse relationship with the USD makes it a popular hedge against inflation - as the price of paper currencies decline, investing in silver can protect against these losses because it retains its value. 2. Silver is expected to grow in value and as that happens trading the pair will be quite an experience as you will see major gains
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Silver (XAG) is a precious metal used in jewelry, silverware and electronics. Investors can buy silver in bars, coins and bullion, or speculate on the spot price of silver. Although its chemical symbol is Ag, on financial markets it is known under its currency exchange symbol, XAG. US dollar needs no introduction and is paired with all the main world currencies. It dates back to 1792, when the United States Congress created the US dollar as the country's currencyIn today's market, silver is categorized as a commodity, but the silver spot price is still commonly presented as a forex pair: XAG/USD.XAU/USD means the price of 1 Troy Ounce Silver in US Dollars (Spot Silver)

1. The silver price is also influenced by global economics. In periods of economic strength, silver prices can rise as people buy more electronics, jewelry and cars that use silver. However, periods of economic and political crisis can also see the price of silver rise, as it is used as an alternative safe haven to gold. 2. The inverse relationship between silver and the U.S Dollar can also mean that a strong U.S. dollar can put downward pressure on the price of silver.