Silver Price Chart

Silver Price Chart (XAG/USD)


Live Silver Price Today

The silver price chart is a graphical representation of its price over a certain period of time. The above chart details the price fluctuations on an hourly basis over the span of a few days. Investors can keep a close eye on the chart to identify certain trends before making any investment decisions. Factors influencing silver prices are multifaceted, with the spot price playing a prominent role. Besides current market dynamics, production costs, global economic conditions, and central bank policies contribute to the complexity. Supply and demand, coupled with speculation about future prices, also impact silver’s value. Essentially, the spot price reflects the interplay of these factors, making the silver price chart an important metric for investors keen on making informed investment decisions today.


What is XAG/USD?

Similar to gold, silver is also represented as a currency in the forex market, denoted by “XAG.” XAG/USD is the abbreviation for silver against the U.S. dollar, indicating how much USD (counter currency) is needed to purchase one ounce of silver (base currency).

What is the silver spot price?

The silver price is determined by the current market price for silver. The silver price today is affected by several factors, including production levels of the precious metal, global economic conditions, and overall demand. The performance of the U.S. dollar can also influence it since it is typically priced in that currency. Investors tend to monitor the silver price chart as it shows the price over time, clearly indicating its recent performance. Despite the market for silver constantly changing, it is typically seen as a safe investment, meaning the price is relatively stable. However, there are periods when it can experience volatile fluctuations due to certain economic or world events.

What can affect the price of silver?

Many factors determine the price of silver, the primary one being its spot price, which is the current price on the open market. Other factors include silver production costs, global economic conditions, and central bank policies. Supply and demand, as well as speculation about future silver prices, can play a role in determining whether its prices rise or fall. Put simply, the spot price will increase when demand for silver is high and supply is low. However, if silver prices are expected to decrease in the future, speculators may sell their holdings, driving the price down in the short term. Central banks can also influence the price through their policies on interest rates and economic growth. If they pursue tight monetary policies, this can lead to lower silver prices as investors seek out alternative investments with higher returns. Conversely, if expansionary policies are targeted, this could increase the price as investors will seek out safe-haven assets. Ultimately, the silver price today is determined by a complex interplay of these factors.

Interested in learning more?

The price of gold and silver is constantly changing, meaning that investors must regularly keep a close watch on the charts. Rakuten Securities Bullion Hong Kong Limited provides hourly updates that depict the shifts in price. Still, those interested in finding out more about gold and silver can take a look at our guide to bullion trading or schedule a 1-on-1 training with our vastly experienced experts.

# The data contained in this website is not necessarily real-time nor accurate, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Rakuten Securities Bullion Hong Kong Limited and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
The rights of the data provided in this website are the properties of either Rakuten Securities Bullion Hong Kong Limited and/or the data provider and are protected by applicable copyright law. The data may not be copied, transmitted, disseminated, sold, distributed, published, broadcasted, circulated, stored for subsequent use or commercially exploited in any manner without the prior written consent of Rakuten Securities Bullion Hong Kong Limited and/or the data provider.