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SILVER
Silver, in the form of electrum (a gold-silver alloy), was coined to produce money in around 700 BCE by the Lydians. Later, silver was refined and coined in its pure form. Many nations used silver as the basic unit of monetary value. In the modern world, silver bullion has the ISO currency code XAG. The name of the United Kingdom monetary unit "pound" reflects the fact that it originally represented the value of one troy pound of sterling silver. In the 1800s, many nations, such as the United States and Great Britain, switched from silver to a gold standard of monetary value, then in the 20th century to fiat currency.
Much like gold, it is considered to be a natural hedge against inflation and in the last few years was highly correlated with world growth.
Trading Hours : Mon - Fri 7:00 - 19:00
Reuters Code : XAG=
Expiry Rule : (Bid + Ask) / 2
Silver, in the form of electrum (a gold-silver alloy), was coined to produce money in around 700 BCE by the Lydians. Later, silver was refined and coined in its pure form. Many nations used silver as the basic unit of monetary value. In the modern world, silver bullion has the ISO currency code XAG. The name of the United Kingdom monetary unit "pound" reflects the fact that it originally represented the value of one troy pound of sterling silver. In the 1800s, many nations, such as the United States and Great Britain, switched from silver to a gold standard of monetary value, then in the 20th century to fiat currency.
Much like gold, it is considered to be a natural hedge against inflation and in the last few years was highly correlated with world growth.
Trading Hours : Mon - Fri 7:00 - 19:00
Reuters Code : XAG=
Expiry Rule : (Bid + Ask) / 2