Silver vs Australian Dollar Today - XAG AUD Chart


XAG AUD Price Today

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Status:Closed Trading
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About this chart

About this chart

This page includes full information about the XAG AUD, including the XAG AUD live chart and dynamics on the chart by choosing any of 8 available time frames. By moving the start and end of the timeframe in the bottom panel you can see both the current and the historical price movements of the instrument. In addition, you have an opportunity to choose the type of the display of the XAG AUD live chart – Candles or Lines chart – through the buttons in the upper left corner of the chart.All clients that have not yet decided which instrument to trade are in the right place since reading full characteristics of the &XAGAUD and watching its performance on the charts will help them to make their final decision.
It is easy to find any instrument since there is a filter for instrument types, offered by IFC Markets, and once the type is chosen, the list of all instruments can be seen right next to that filter.


Description

Personal composite instrument called «&XAGAUD» reflects the price dynamics of silver against the Australian dollar. The base portfolio of this instrument is composed of 1 ounce of silver, and the quoted portfolio – 1 Australian dollar. The asset percentage content of the instrument is estimated based on the asset prices on the PCI creation date.

The trading instrument &XAGAUD is used for the analysis and trade of silver quoted against one of the major commodity currencies- the Australian dollar. The Australian economy depends heavily on mining and export of precious metals, particularly silver. Australia’s silver ore deposits (14%) and mined silver output (9%) rank it among the top 5 countries in the world in silver mineral deposits and production.

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