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country metals pairs xageur

Silver vs Euro

Silver vs Euro (XAGEUR)

The XAGEUR pair represents the exchange rate between silver, a precious metal, and the Euro, the currency used in the Eurozone.

-.-- -.--%
Annual change
-.--%
All time High / Low
10.107 / 25.121
Buy

--.--

Sell

--.--

-.-
Daily price range:
Low
22.827
High
22.917

XAGEUR Contract Specifications

  • Minimum Spreads, points: 0
  • Contract Size per Lot: 5000
  • Swap type: Points
  • Swap Long: -2.97
  • Swap Short: 1.68
  • Margin Group: FX Majors
  • Margin Currency: EUR
  • Tick size: 0
  • Trading Platform: MetaTrader 4
  • Minimum Volume: 0.01
  • Maximum Volume: 0
  • Trading Schedule EET: 00:00 - 23:59 Mon - Fri
  • Hedged Margin: 1
  • Days Swap: FX Wednesday, metals-indices-oil friday

History of XAGEUR

The XAGEUR is a currency pair that represents the exchange rate between silver and the Euro. The history of XAGEUR can be traced back to the introduction of the Euro as a currency in 1999. Prior to that, silver was primarily priced in various national currencies. With the creation of the Eurozone, which includes several European countries, the Euro became the common currency for these nations. This led to the need for a new currency pair to track the exchange rate between silver and the Euro, giving rise to XAGEUR.

metals pair xageur

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Frequently Asked Questions

The XAGEUR currency pair represents the exchange rate between silver XAG and the Euro EUR. It indicates how much Euro is required to purchase one ounce of silver. XAG is the symbol for silver in the foreign exchange market, derived from the chemical symbol “Ag” for silver. EUR is the currency code for the Euro, which is used by several European countries. The XAGEUR pair is closely monitored by investors and traders looking to assess the value of silver in terms of the Euro and gain insights into the precious metals market and the strength of the Eurozone currency. Fluctuations in this pair can be influenced by a range of factors such as economic data, global events, market sentiment, and supply and demand dynamics.

To trade the XAGEUR pair, you need to open an account. Once your account is set up, you can place buy or sell orders based on your trading strategy. Consider factors such as research and analysis, risk management, and market news. It’s important to have a trading plan in place and use risk management tools like stop-loss and take-profit orders. Stay updated on silver and Euro-related news as they can affect the price and make informed trading decisions.

The trading hours for XAGEUR can be found here

Popular trading strategies for the XAGEUR pair include range trading, where traders identify support and resistance levels and profit from price movements within that range. Trend following is another strategy, where traders analyze the overall trend and make trades aligning with it. Technical analysis indicators and chart patterns like moving averages, Fibonacci retracements, and breakout strategies are also commonly used for trading decisions. Traders should develop their own strategies based on their risk tolerance, trading style, and market analysis.

When trading the XAGEUR pair, there are several factors you should consider. Firstly, keep an eye on economic indicators and news releases that can impact the price of silver and the Euro, such as GDP data, interest rate decisions, and geopolitical events. Additionally, monitor the overall trend of the pair and identify any support and resistance levels. Technical indicators and chart patterns can also provide insights into potential price movements. Finally, implement proper risk management strategies and utilize tools like stop-loss orders to protect against potential losses. Stay informed, conduct thorough analysis, and develop a trading plan to make well-informed decisions when trading the XAGEUR pair.