Understanding the Silver Price (XAG/USD)
Silver is a unique financial asset that functions as both a precious metal and a critical industrial commodity. Unlike gold, over 50% of the annual silver supply is used in industries such as solar energy (photovoltaics), electronics, and medicine.
The XAG/USD price is the global benchmark used by mines, refineries, and mints. Because the silver market is smaller and less liquid than gold, it often exhibits higher volatility, making it a popular choice for traders looking for significant price swings.