Silver / Australian Dollar (XAG/AUD)

To maximise profits on XAG/AUD, traders concentrate their efforts on the most active trading hours, which are justified by large trading volume. Around 07:00 - 17:00 (GMT) is the busiest period of the day for silver trading. Traders should not dismiss occurrences that have the potential to cause major fluctuations in the gold price.

As silver has to be mined from the ground, its supply is usually inconsistent with demand. This leads to fluctuations in its price. In 2014, Mexico was the world's main silver miner producing 5,000 metric tons. Ηolding 20% of the world's consuming silver, the USA becomes the leader, and China, with approximately 18% comes second along with India. Economic growth affects silver prices more than it affects gold prices. Silver’s physical strength, malleability, and conductivity are used in various industries, increasing its industrial demand. Silver is being used in the movie industry to create sensitive materials reflecting the light, in the military to tomahawk missiles and jewellery. As a result, the demand from any of these sectors leads to a change in its price.

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