XAGUSD (SILVER vs USD). Exchange rate and online charts
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19 Feb 2025 02:30
(0.14%)
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Silver. Main features Silver is the second most popular metal among investors after gold. Its price depends on supply and demand as is the case with many other commodities. Silver is highly volatile. In a day, its price may change by 1-2%. In addition, the metal may start long-term trends that can last for weeks and months.
So, now you comprehend why silver is considered an excellent asset for long-term investments. Track the dynamic of silver futures today, as well as predict its cost in the nearest term by using the online chart and InstaForex analysis articles. Main perks of silver investment:
- - High volatility;
- - Affordable price compared to gold and platinum;
- - Hedge against inflation;
- - Widely used in the industrial sector; robust demand;
- - Constant contraction in volumes. Unlike gold, silver cannot be used for a second time, and therefore its volume is constantly decreasing);
- - Immune to crisis and financial bubbles.
- 1. Supply in the commodity market – at what pace and in what volumes this metal is produced worldwide;
- 2. Inflation or a financial crisis. To hedge their funds in the event of economic turmoil, speculators buy precious metals such as gold and silver;
- 3. Gold price. The silver price depends on the dynamic of gold quotes and almost mirrors their movements;
- 4. Demand in the industrial sector. Silver is an irreplaceable commodity in the tech, medical, chemical, and automotive industries as well as solar cell production.
A decline in the silver price usually occurs after the discovery of new deposits. If drillers find a new deposit with millions of tons of ore, it may significantly lower the cost of this metal in the market.
A contraction in industrial production is also a bearish factor for silver. Analysts assume that one day demand for household appliances, computers, and mobile phones will fall. So, silver will take a nosedive as well. How to trade silver Investors are willing to add silver to their portfolios as it is the cheapest metal. Many speculators prefer to buy silver in bullion. It is better to purchase silver in large reputable banks as they have a license to trade precious metals.
Alternatively, you can also buy bullion coins. Their price could increase several times over time.
Last but not least, traders can make a profit on fluctuations in silver quotes. In this case, there are three options for online trading:
- - CFDs;
- - Futures;
- - Buying shares of gold mining companies, exchange-traded funds (ETFs), or silver mining companies.
See Also
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Monday September 17, 2024.
After successfully breaking through the 30,129 level and the Upper Line of itsSzerző: Arief Makmur
07:26 2024-09-17 UTC+2
4030
Technical analysisTechnical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday June 25, 2024.
With the appearance of deviations between the price movement of the Silver commodity asset and theSzerző: Arief Makmur
07:15 2024-06-25 UTC+2
3985
Technical analysisTechnical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday August 20, 2024.
If we look at the 4-hour chart of the Silver commodity asset, there are several interesting things,Szerző: Arief Makmur
04:42 2024-08-20 UTC+2
3940
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Monday July 29 2024.
Although on the 4-hour chart, the Silver commodity asset is in aSzerző: Arief Makmur
08:05 2024-07-29 UTC+2
3910
Trump's tariffs and a strong dollar could significantly impact silver in 2025.Szerző: Irina Yanina
13:34 2024-12-04 UTC+2
3790
Technical analysisTechnical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday August 06, 2024.
Although currently on the 4-hour chart, the Silver commodity asset is underSzerző: Arief Makmur
09:37 2024-08-06 UTC+2
3715
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday September 03, 2024.
With the price movement moving harmoniously withinSzerző: Arief Makmur
05:34 2024-09-03 UTC+2
3655
Technical analysisTechnical Analysis of Daily Price Movement of Silver Commodity Asset, Wednesday November 20, 2024.
With the appearance of the Bearish 123 pattern followed by severalSzerző: Arief Makmur
06:04 2024-11-20 UTC+2
3535
Technical analysisTechnical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday November 12, 2024.
On the daily chart, the Silver commodity asset appears to have an Ascending Broadening Wedge pattern which alsoSzerző: Arief Makmur
05:03 2024-11-12 UTC+2
3520
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Monday September 17, 2024.
After successfully breaking through the 30,129 level and the Upper Line of itsSzerző: Arief Makmur
07:26 2024-09-17 UTC+2
4030
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday June 25, 2024.
With the appearance of deviations between the price movement of the Silver commodity asset and theSzerző: Arief Makmur
07:15 2024-06-25 UTC+2
3985
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday August 20, 2024.
If we look at the 4-hour chart of the Silver commodity asset, there are several interesting things,Szerző: Arief Makmur
04:42 2024-08-20 UTC+2
3940
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Monday July 29 2024.
Although on the 4-hour chart, the Silver commodity asset is in aSzerző: Arief Makmur
08:05 2024-07-29 UTC+2
3910
- Trump's tariffs and a strong dollar could significantly impact silver in 2025.
Szerző: Irina Yanina
13:34 2024-12-04 UTC+2
3790
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday August 06, 2024.
Although currently on the 4-hour chart, the Silver commodity asset is underSzerző: Arief Makmur
09:37 2024-08-06 UTC+2
3715
- Technical analysis
Technical Analysis of Intraday Price Movement of Silver Commodity Asset, Tuesday September 03, 2024.
With the price movement moving harmoniously withinSzerző: Arief Makmur
05:34 2024-09-03 UTC+2
3655
- Technical analysis
Technical Analysis of Daily Price Movement of Silver Commodity Asset, Wednesday November 20, 2024.
With the appearance of the Bearish 123 pattern followed by severalSzerző: Arief Makmur
06:04 2024-11-20 UTC+2
3535
- Technical analysis
Technical Analysis of Daily Price Movement of Silver Commodity Asset, Tuesday November 12, 2024.
On the daily chart, the Silver commodity asset appears to have an Ascending Broadening Wedge pattern which alsoSzerző: Arief Makmur
05:03 2024-11-12 UTC+2
3520