Silver is traded on exchanges as XAG. As this instrument, the precious metal is traded against one of the most liquid currencies, the euro. The price moves upwards when silver becomes cheaper, while the euro more expensive. It’s rather natural, since currency and precious metals have a negative correlation. The basics of technical analysis are required to make profit from this instrument.
Build your strategy around the intraday trading principle. Some investors prefer analyzing the price movement using the D1 chart. Standard indicators present in MetaTrader and other popular terminals are sufficient for the technical analysis: Parabolic, Bollinger Bands, RSI, MACD. Candlestick patters are also useful here, as they allow to determine the reversal points with negligible error.

How to make money XAGEURe

Register and open an account.
Deposit using any convenient method. Verify your phone number before you start trading to secure your account.
Install a trading terminal or trade directly in your browser.

Open an account

Economic calendar

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, -

Time

Country

Importance

Event

Past

Forecast

Fact

01:45 / 09.05.23

New Zealand

Electronic Card Retail Sales (YoY) (Apr)

15.5%

6.4%

01:45 / 09.05.23

New Zealand

Electronic Card Retail Sales (MoM) (Apr)

0.7%

02:01 / 09.05.23

United Kingdom

BRC Retail Sales Monitor (YoY) (Apr)

4.9%

5.2%

02:30 / 09.05.23

Japan

Household Spending (MoM) (Mar)

-2.4%

-0.8%

02:30 / 09.05.23

Japan

Household Spending (YoY) (Mar)

1.6%

-1.9%

02:30 / 09.05.23

Japan

Overtime Pay (YoY) (Mar)

1.20%

1.10%

01:45 / 09.05.23

New Zealand

Electronic Card Retail Sales (YoY) (Apr)

Fact: 6.4%

Forecast:

Past: 15.5%

01:45 / 09.05.23

New Zealand

Electronic Card Retail Sales (MoM) (Apr)

Fact: 0.7%

Forecast:

Past: 0.7%

02:01 / 09.05.23

United Kingdom

BRC Retail Sales Monitor (YoY) (Apr)

Fact: 5.2%

Forecast:

Past: 4.9%

02:30 / 09.05.23

Japan

Household Spending (MoM) (Mar)

Fact: -0.8%

Forecast:

Past: -2.4%

02:30 / 09.05.23

Japan

Household Spending (YoY) (Mar)

Fact: -1.9%

Forecast:

Past: 1.6%

02:30 / 09.05.23

Japan

Overtime Pay (YoY) (Mar)

Fact: 1.10%

Forecast:

Past: 1.20%

Go to calendar

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