Silver and the XAG code
XAG is the market code for silver. XAGUSD quotes one troy ounce of silver in US dollars, while one XBTFX standard lot represents 5,000 troy ounces.
XAGUSD · Spot metal CFD
Trade Silver XAG/USD
Trade Silver against the US dollar (XAGUSD) on Mega1 or MetaTrader 5. Go long or short without buying, storing or taking delivery of physical metal.
XAG/USD
XAGUSD · Silver / US Dollar
Powered by Mega1 Platform Connecting price history Live bid and ask remain available while the chart loads.
XAG/USD daily indicative candlestick chart is loading.
XAG/USD · Metals
What is XAGUSD? Silver priced in US dollars.
XAGUSD is the market price of one troy ounce of Silver quoted in US dollars. A rising price means Silver is gaining value against USD; a falling price means it is losing value against USD.
- Symbol
- XAGUSD
- Minimum price increment
- 0.0001
- Price precision
- 4 digits
- Profit currency
- USD
- Minimum volume
- 0.01 lot
- Volume step
- 0.01 lot
What can move XAGUSD
Silver combines precious-metal and industrial demand. XAGUSD can respond to gold and US-dollar moves, real yields, manufacturing expectations and demand from electronics, solar and other industrial applications.
Long or short without physical delivery
A metal CFD provides price exposure without buying bullion. Leverage magnifies both gains and losses, and financing costs can apply to positions held through rollover.
Raw pricing
Pro
Variable raw spread
- Metal CFD commission
- USD 2.75 / USD 100k
- Platforms
- Mega1 & MetaTrader 5
All-in spread
Standard
Variable all-in spread
- Metal CFD commission
- No separate commission
- Platforms
- Mega1 & MetaTrader 5
Pro commission is USD 2.75 per USD 100,000 traded. Spreads are variable and can widen. Swaps may apply at rollover. Pricing, leverage, account and platform availability can vary.
Exposure-based margin
How XAGUSD leverage and margin bands work.
XAGUSD margin is applied incrementally by total notional exposure in this symbol. Crossing a threshold does not reprice exposure already assigned to lower bands; only additional exposure uses the next rate.
How exposure-based margin works XAGUSD margin schedule Published schedule
| Additional notional | Leverage | Margin |
|---|---|---|
| $0–$250K | 200:1 | 0.50% |
| $250K–$2M | 50:1 | 2.00% |
| $2M–$10M | 20:1 | 5.00% |
| $10M–$50M | 10:1 | 10.00% |
| $50M–∞ | 7:1 | 15.00% |
USD notional bands applied per symbol. The live platform specification remains authoritative.
Contract details
XAGUSD contract specifications.
Review contract size, volume, carrying costs and the published trading session before placing a trade. Values are refreshed from the XBTFX specification service.
- Contract size
- 5,000 oz
- Minimum / maximum volume
- 0.01 lot / 500 lots
- Volume step
- 0.01 lot
- Quote / profit currency
- USD
- Swap long
- −103.55 points
- Swap short
- 50.17 points
- Three-day swap
- Friday
- Published session
- 00:00–24:00 platform time
Open full XAGUSD specifications
Sessions and swap values may change for holidays, liquidity conditions and scheduled maintenance.
Plan a scenario
Calculate a XAGUSD trading scenario before you trade.
For XAGUSD, profit or loss is the price change multiplied by 5000 ounces per lot and the number of lots, before spread, commission, swaps and currency conversion.
Minimum price increment 1 lot × USD 1 = USD 5000 Before trading costs Open XAG/USD calculator
Where to trade
Trade Silver your way.
Access XAGUSD through Mega1 in the browser, on desktop or mobile, or trade through MetaTrader 5.
XAG/USD FAQ
Understand Silver trading before opening a position.
What is XAGUSD (XAG/USD)?
XAGUSD is Silver quoted against the US dollar. The displayed price represents the USD value of one troy ounce, while one standard XBTFX lot represents 5000 ounces.
Do I own physical Silver when I trade XAGUSD?
No. XAGUSD is a leveraged CFD, not a purchase of bullion. It provides price exposure but no ownership, storage claim or delivery right over physical Silver.
What moves the XAGUSD price?
XAGUSD can respond to the US dollar, real yields, interest-rate expectations, physical and industrial demand, supply conditions and changes in market risk. Spreads can widen in volatile or thin markets.
How is leverage applied to XAGUSD?
XAGUSD uses published exposure-based margin bands. The schedule is tied to notional exposure in this symbol, not account balance. Only exposure added above a threshold uses the next margin rate.
Can I trade XAGUSD with Pro or Standard pricing?
Yes, subject to account and platform availability. Pro uses a raw variable spread plus USD 2.75 commission per USD 100,000 traded. Standard uses a wider all-in spread without a separate commission line.
XAG/USD at XBTFX
Ready to trade Silver against the US dollar?
Open an XBTFX account, choose Pro or Standard pricing, and access XAG/USD on a supported platform. Metal CFDs are high-risk leveraged products.
Risk warning
CFDs are complex instruments and involve a significant risk of loss due to leverage. Prices are indicative and may differ from executable account prices. Consider whether you understand how CFDs work and whether you can afford the risk.
Risk Disclosure Notice
