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Silver / US Dollar (XAG/USD)

Silver, mined as early as 3000 BC, remains an essential trade asset. Paired with the US Dollar, the global reserve currency, it offers diverse investment opportunities for traders worldwide. Get expert market insights and live data at FP Markets Rwanda.
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Silver / US Dollar (XAG/USD) Profile

Silver was first found in large amounts around 5000 BC, when prehistoric people started digging the first copper mines and found a lot of silver. It was already possible to mine for silver in Anatolia on a big scale by 3000 BC. This was to meet the needs of the first city-states, which used metal as a common way to exchange money.

United States one-dollar bills were used to raise money for the Civil War in 1861. A lot of people called the notes greenbacks because they were green in color. In 1862, the United States Notes were published for the first time. In 1869, a standardised way to print the notes was invented.

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Silver / US Dollar (XAG/USD) Trading FAQ

Silver physical investment should increase by double digits in 2022, reaching a seven-year high. As the year progresses, persistent macroeconomic uncertainty and rising inflationary pressure should push ordinary investors to seek out actual silver for wealth protection.

CME Globex is open 24 hours a day, six days a week, from 6:00 p.m. to 5:00 p.m., with a 1 hour break each day.

Silver is mostly traded through futures contracts. A futures contract is an agreement to purchase or sell silver at a certain price on a specified date in the future in cash.

As you may already know, trading via CFDs (contracts for difference) is one of the most popular approaches when dealing with currencies such as Silver v USD. While there are numerous Forex brokers out there. Try to find one that suits your needs. Such as FP Markets a fully-regulated broker that offers all types of platforms and accounts, to suit every need.

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