The XAG/AUD currency pair shows the dynamics of the silver exchange rate to the Australian dollar. The quotation is direct, silver takes the basic position. Like a currency pair with gold, this quotation is subject to technical analysis. When operating with the pair, you should take into account the peculiarities of the Australian economy, which depends not only on the prices of resources, but also on the volume of silver mining and export, but also on economic indicators. You must understand that Australia is in the top five countries in terms of world silver reserves and its production. The highest activity is noted from the very beginning of the London session and about 2-3 first hours of the American session, after that, there is a decline until the next trading session in London.
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