XAG
Business & Finance abbreviation · Currency
| Stands for | Silver (one troy ounce) |
|---|---|
| Categories | Business & Finance |
XAG stands for Silver (one troy ounce), a currency abbreviation.
ISO 4217 code for silver, used on trading platforms and in bank systems with one unit equal to one troy ounce. The gold-to-silver ratio compares the XAU and XAG prices.
Example: The XAG/USD rate rose 3 percent as industrial demand for solar panels grew.
Usage notes
Ag is the chemical symbol for silver, from Latin argentum, which also gave Argentina its name. Silver is more volatile than gold because industrial uses such as electronics and photovoltaics make up a large share of demand.