What is Silver (XAG)?
Silver is a precious metal traded under the ticker XAG. It ranks second after gold in popularity among investors. Silver has exceptional electrical and thermal conductivity, making it indispensable in electronics and industry.
The dual nature of silver
Unlike gold, silver has significant industrial demand. Over 50% of global silver consumption goes to industry: electronics, solar panels, medicine, and photography. This makes silver more volatile but potentially more profitable for active investors.
Silver and green energy
The growth of solar energy has become a powerful driver of silver demand. Each solar panel contains about 20 grams of silver. With the global transition to renewable energy, industrial demand for silver continues to grow, positively affecting its long-term value.
Silver price on AveChange
Track the current silver price in EUR — per troy ounce, per gram, and per kilogram. Data is updated daily. Silver is more affordable than gold, making it attractive for new precious metals investors.