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XAG/USD – Silver

The price of silver is driven by speculation and supply and demand; mainly by large traders or investors, short selling, industrial, consumer and commercial demand, and to hedge against financial stress. Compared to gold, the price of silver is notoriously volatile. This is because of lower market liquidity, and demand fluctuations between industrial and store of value uses. At times this can cause wide ranging valuations in the market creating volatility.

Margin Requirements

Can be viewed in the dealing rates and create order windows on the trading station, or by using the CFD Product Guide.

Trading Hours

Please click here for trading hours. Please note, however, that hours are subject to change based on Daylight Savings Time. Any holiday hours will be posted here. XAG/USD is a spot product so there is no expiration.

Target Spread

XAG/USD has a target spread of 4.32 pips/points.

Max Contract Size

The maximum number of contracts per click (trade) for XAG/USD is 200,000.

Minimum Pip Cost (Value)

XAG/USD has a minimum value of $0.01 per point (Your per point value may be different if your account is denominated in a different currency. Please refer to the Simple Dealing Rates Window in Trading Station for this value).

The pip/point location is shown below. Each 0.01 price movement on XAG/USD is 1 pip/point. Friedberg Direct’s pricing displays an additional decimal place - ideal for scalpers in a fast-moving market.

Other Information

XAG/USD does have a financing cost (Rollover) which is usually 3x on Wednesdays like FX pairs.

With Friedberg Direct’s new Enhanced Execution, there is no minimum stop distance for XAG/USD.

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Order Execution Only

Order Execution Only

Regulatory Documents:
IIROC Brochure: How Can I Get My Money Back, How IIROC Protects Investors, IIROC Complaints Brochure, CIPF Brochure, CIPF Coverage Policy, IIROC Order Execution Only Bulletin, Conflict Disclosure Statement, Covid-19 and Cyber Security - Tips for Investors, Relationship Disclosure Information Document, Before You Begin Trading

The relationship between Friedberg Direct and FXCM was formed with the purpose to allow Canadian residents access to FXCM's suite of products, while maintaining their accounts with a regulated Canadian firm. All accounts are opened by and held with Friedberg Direct, a division of Friedberg Mercantile Group Ltd., a member of the Investment Industry Regulatory Organization of Canada (IIROC). Friedberg customer accounts are protected by the Canadian Investor Protection Fund within specified limits. A brochure describing the nature and limits of coverage is available upon request or at www.cipf.ca.