Metal
XAG/USD — Silver / US Dollar
2 – 6 cents · 0.40 – 1.20 USD
Silver is gold's high-beta cousin with an industrial demand component. It moves further in percentage terms, both up and down, and is far less forgiving of oversized positions.
Risk first
Numbers below are typical ranges, not guarantees — spreads, swaps and volatility differ per broker and market regime. Size every position from your stop distance and account risk, never from a fixed lot habit.
Contract specifications
| Spec | Value |
|---|---|
| Contract size | 1.00 lot = 5,000 oz |
| Pip / tick value | 0.001 → 5 USD / 1.00 lot |
| Typical spread | 2 – 6 cents |
| Typical daily range | 0.40 – 1.20 USD |
| Best trading hours | London and New York sessions |
What moves this market
- ▸Gold direction, amplified
- ▸Industrial demand (solar, electronics)
- ▸Dollar and real-yield moves
Correlations to watch
- ▸Very high to gold, typically 0.8+
- ▸Positive to copper and industrial cycles
How traders approach it
- ▸Gold-confirmation trades with wider stops
- ▸Breakout trading in high-volatility regimes
- ▸Reduce size to about half of a gold position
Typical mistakes
- ▸Trading gold and silver longs as separate risks
- ▸Ignoring how fast silver reverses
Related instruments
Analyse it in FX CURIO
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