Silver(A$) price

Silver(A$)

97.547 AUD

-6.03 (-5.83%)

1MN

XAGAUD Key Statistics

Open price

103.41

High today

103.405

Low today

96.749

52 Week high

171.78567

52 Week low

54.512

Trading hours

-12:00

-11:00

-10:00

-09:00

-08:00

-07:00

-06:00

-05:00

-04:00

-03:00

-02:00

-01:00

UTC 00:00

+01:00

+02:00

+03:00

+03:30

+04:00

+04:30

+05:00

+05:30

+05:45

+06:00

+07:00

+08:00

+09:00

+09:30

+10:00

+11:00

+12:00

+12:45

+13:00

+14:00

UTC 00:00

Symbol trading specification

Trade Silver(A$)

About XAGAUD

Silver is broadly used as a hedge to inflation and a great addition to a portfolio to diversify investments. It is also a haven asset. This precious metal commodity has value in and of itself, both as a precious metal and an industrial metal.

What is XAGAUD?

All precious metals like gold and silver or platinum have a spot price. That is the price investors need to pay to get an ounce (14 grams) of the precious metal.

Traders eager to explore how to trade XAGAUD should understand that the spot price for silver gets determined daily. The index takes data from worldwide transactions and the Australian Dollar price in actual numbers.

How does XAGAUD work?

The spot price for silver takes data from the demand and supply of silver in the Australian economy. That gives it more chances to bid for Australian Dollars and have the daily price fixed at 5 PM Sydney time daily.

Traders who want to explore how to invest in XAGAUD should understand factors impacting its price fluctuations. When the AUD falls, there are high chances we will see an appraisal of the index prices for silver. The same applies when silver is scarce in Australian mines, and the data revealed to the press. If more industries use silver in Australia, they make its price go up, and that's how the spot price of silver works.

Current spot Mini Silver in Australian Dollar Index price

The current XAGAUD price can be checked on the SimpleFX platform and website.

Spot Mini Silver in Australian Dollar (XAGAUD) price history

Here is a short history of how the XAGAUD index moved:

2020
When the coronavirus pandemic struck Australia, it initially made the silver prices appreciate to the highest peak. However, the year ended with an average price of 27.4 AUD for the silver ounce, giving some profits to the index investors.

2021
Industrial orders and exports increased in the Australian economy during 2021. That fact made the silver spot price move upwards to 32.45 AUD, which has been the best price the metal has seen for the last decade.

2022
After a dramatic first half of the year, when the silver spot price plummeted to 22 AUD, the metal regained its price. Fears of global war made investors go to the safety of gold. However, the silver spot price reached the level of 31 AUD by the end of the year, giving some stable profits to investors who kept their positions.

Is XAGAUD a good investment?

Investing in the spot silver market denominated in Australian Dollars might be a good investment. However, before investing, the traders eager to learn how to invest in metals should do the required research about the commodity.