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Silver definition
Silver is a precious metal traded both as an investment and as an industrial raw material, valued for its conductivity, reflectivity, and relative scarcity. In financial markets it is most often quoted in US dollars per troy ounce.
You can take exposure to silver through bullion, exchange-traded funds, mining stocks, futures, or a Silver CFD. Its price reacts to interest rates, US dollar strength, inflation expectations, and investor sentiment, but also to manufacturing cycles because so much silver is consumed by industry.
Silver's closest cousin is gold, and the two often move together as precious metals. The key difference is that silver carries heavier industrial demand, especially from electronics and solar panels, which makes its price more volatile and more sensitive to the economic cycle than gold.
Silver Example
You expect silver to rise because industrial demand is strengthening, so you open a long position on XAGUSD, which represents silver priced in US dollars.
If silver rises from USD 30.00 to USD 31.50 per troy ounce, the move in your favour is: 31.50 - 30.00 = USD 1.50 per troy ounce
If it falls instead, the position loses value. These prices are illustrative.
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