An acronym or symbol for exchange rate for silver. It is usually set against a certain currency- e.g., XAG/USD. X stands for index, and AG for the chemical symbol for silver – the abbreviation for the Latin for silver, ‘argentum’). XAG constitutes the spot price of an ounce of silver quoted in a specific currency.
The symbol for XAG can be written Ag Oz.
Silver is traded against other popular currencies, including the Australian dollar (XAG/AUD), the Swiss franc (XAG/CHF), the euro (XAG/EUR), and the British pound (XAG/GBP).
For more, see: XAG (forex).
