About Silver AUD

The personal composite instrument XAG/AUD tracks the price of silver in relation to the Australian dollar. This instrument's base portfolio is 1 ounce of silver, and the quoted portfolio is 1 Australian dollar. The asset percentage content of the instrument is calculated using asset prices at the time the PCI was created. The trading instrument XAG/AUD is used to analyze and trade silver against the Australian dollar, one of the world's most important commodity currencies. The mining and export of precious metals, particularly silver, is critical to Australia's economy. Australia's silver ore deposits and mined silver output place it among the world's top five countries for silver mineral deposits and production.