![]() ![]() ![]() Silver is down 3.26% since the beginning of the year, as of 9 a.m. The chart below shows how the spot price of silver is trending over the year. Because silver trades occur globally, investors can also track the spot price of silver in other currencies, such as XAG/EUR for euros and XAG/GBP for British pounds. dollars, and it is traded like traditional currency pairs. The price of XAG/USD reflects the value of one ounce of silver in U.S. Traders buy and sell silver 24/7 globally, so its price fluctuates constantly. The spot price for silver in the foreign exchange market is denoted as XAG/USD. In contrast, the futures price reflects the price for silver delivered in later months. The spot silver price reflects what traders buy and sell silver for immediately or on the spot.
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