XAGUSD price
How silver moves through the day
Average XAGUSD range in each session as a share of its price, measured on every trading day since 2012.
Average range by session
Busiest hours (UTC)
Silver moves most from 13:00 to 15:00 UTC. The quietest hour starts at 21:00 UTC.
Size a silver trade
One standard lot of XAGUSD is 5,000 ounces on most brokers. Check your broker's contract size before you trade.
See your own XAGUSD trades on this chart
Connect your broker once. Every silver entry and exit lands on the chart, your journal and rules sit beside it, and Edge learns from your trades to show you the one thing to fix next. Then practice it on silver in the backtester before you trade it live.
XAGUSD questions
XAGUSD is the price of one troy ounce of silver in US dollars. XAG is the code for silver and USD is the currency it is priced in.
Each broker quotes its own bid and ask from its own liquidity providers, so prices can differ a little from broker to broker. The prices here are indicative bid quotes. Spreads also widen around big news and when the market opens.
Spot silver trades nearly 24 hours a day from Sunday evening to Friday evening, New York time, with a short daily break around 17:00 New York time.
On most brokers one standard lot of XAGUSD is 5,000 ounces, so a move of 1.00 in the price is worth $5,000.00 a lot and 0.01 lots moves $50.00. Check your broker's contract size before you trade.
The same things that move gold (US interest rate expectations, the US dollar and the mood in markets) plus demand from industry, which uses most of the silver mined each year.