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XAGUSD
Silver / U.S. Dollar
Past performance is not an indication of future results.
About
Silver, mainly used in industry, has properties of precious metal and maintains linkage with gold.
Factors Affecting Silver Prices
1. Supply and demand. Silver prices fall when supply exceeds demand, and silver prices rise when demand exceeds supply. 2. Mutual influences between Gold and Silver. In general, the trend of gold and silver is positively correlated, but silver has more attributes of commodities than gold, and the price trend is more active. 3. U.S. dollar exchange rate. Generally speaking, Silver price falls with U.S. dollar rising, while it rises with U.S. dollar falling.
Historical market review
The price of silver had been increasing for many years before 2011. However, it has plummeted from a maximum of U.S. $ 50 to U.S. $ 13 since 2011. It did not rebound until 2016 when its output fell.
