24/7 · Arbitrum L2
Silver Ounce: Trade Silver 24/7 with XAGUSD
The silver ounce is the US dollar price of one ounce of silver (XAGUSD). On EVEDEX you trade this price 24/7 through a perpetual futures contract: 100x on positions up to $30,000, a 0.015% maker fee and USDT margin.
XAGUSD in Numbers
Terms of the silver perpetual contract on EVEDEX as of October 9, 2026.
Silver Perpetual Contracts: Exchange Comparison
Open interest and volume in silver on EVEDEX are lower than on the largest exchanges. For gold, see the gold trading page; for how the contracts work, see crypto contracts.
| Exchange | Contract | Open interest | 24h volume |
|---|---|---|---|
| EVEDEX | XAG-USD perpetual | $34.6 million | $16.3 million |
| Binance | XAGUSDT perpetual | $256.6 million | $704.3 million |
| Hyperliquid | XYZ:SILVER-USD perpetual | $169.6 million | $71.1 million |
| MEXC | SILVER_USDT perpetual | $145.8 million | $256.6 million |
Data: October 9, 2026, 13:28 UTC · Source: CoinGecko · Leverage: EVEDEX trading conditions, October 9, 2026
Why Trade Silver on EVEDEX
The silver price under crypto market rules: always open and margined in USDT.
No physical silver needed
You trade only the price movement: no bars, storage or insurance. Go long if you expect a rise, or short if you expect a fall.
Open on weekends too
XAGUSD trades 24/7, so you can open and close positions any day of the week.
Metals in one account
The same USDT margin is used for silver, gold, oil, EURUSD, USDJPY and 39 cryptocurrencies.
How XAGUSD Trading Works
No expiry date
A perpetual contract does not expire: the position stays open as long as the margin is sufficient. Funding, calculated every 8 hours, keeps the price close to the index.
Long and short
You profit with a long position if silver rises and with a short position if it falls. Profit and loss are calculated in USDT.
Cross margin
EVEDEX uses cross margin only: your entire USDT balance serves as collateral for open positions. Manage risk with a stop loss.
Silver Trading in 3 Steps
From deposit to your first silver position in a few minutes.
Deposit USDT
Connect your wallet and deposit from 6 USDT.
Open XAGUSD
Study the chart and choose your leverage: 100x on positions up to $30,000.
Limit the risk
Set stop loss and take profit levels before opening the position.
What Is the Silver Ounce: XAG and XAGUSD
XAG is the ISO 4217 code for silver and refers to one troy ounce, about 31.1 grams.
XAGUSD is the US dollar price of one ounce of silver. Because silver is both a precious and an industrial metal, it moves more sharply than gold. As of October 9, 2026, based on XAUT-USD and XAG-USD prices on EVEDEX, the gold/silver ratio was about 69: one ounce of gold was worth about 69 ounces of silver (CoinGecko data, our own calculation).
Questions About the Silver Ounce and XAGUSD
The silver ounce is the US dollar price of one troy ounce, about 31.1 grams, of silver, shown with the XAGUSD code. On EVEDEX you trade this price 24/7 through a perpetual futures contract; margin and results are in USDT, and no physical silver is delivered. Because silver is also used in industry, its price can change faster than gold's.
The silver price changes constantly: you can see its current value on the live XAGUSD chart on EVEDEX. On October 9, 2026 at 13:28 UTC, the XAG-USD contract was trading at about $60.75 per ounce (CoinGecko). The price is shown in USDT, and the chart also lets you follow past moves. Always check the current price on the chart before trading.
XAGUSD is the pair that shows the price of silver (XAG) against the US dollar (USD). One unit of XAG is one troy ounce of silver. On EVEDEX, XAGUSD trades as a perpetual futures contract: you can go long on a rise or short on a fall and use leverage. The result of a position is calculated in USDT and reflected in your balance.
EVEDEX offers 100x leverage on XAGUSD for positions up to $30,000. As the position grows, the limit drops in tiers: for example, 50x up to $386,000 and 20x up to $600,000 (EVEDEX trading conditions, October 9, 2026). Silver is a volatile metal, so high leverage increases risk quickly. Starting with low leverage is safer.
On EVEDEX, yes: XAGUSD trades 24/7, including Saturday and Sunday. Brokers' silver CFDs, by contrast, are usually closed on weekends. Liquidity can be lower on weekends, so watch your order size and stop loss level. A price gap can appear when markets open on Monday.
The fee is 0.015% on maker orders and 0.045% on taker orders. For a $10,000 position opened with a market order, you pay $4.50 on entry and about $4.50 again on exit. On top of that comes funding, paid or received hourly depending on the position's direction. Limit orders pay the lower maker fee.
No. XAGUSD is a perpetual futures contract: you gain or lose from the price change, but you do not buy physical silver. EVEDEX lists only futures contracts; for bars or silver savings, you need a jeweler or a bank product. XAGUSD is only for trading the price movement.
Silver is usually more volatile than gold: it depends on both investment and industrial demand, and its market is smaller. That is why, with the same leverage, the liquidation risk is higher on silver. On EVEDEX both metals trade on the same terms, with 100x up to $30,000. Adjust your position size accordingly.
The silver ounce is the dollar price of one troy ounce, about 31.1 grams, of silver; gram silver is usually the price of one gram in Turkish lira. On EVEDEX you trade only the dollar price of the silver ounce with USDT margin; there is no trading in lira. Since one ounce is about 31.1 grams, converting between them is easy.
On EVEDEX, the minimum order on all pairs, including XAGUSD, is 5 USDT in notional value; the minimum deposit is 6 USDT. You can test your silver strategy with a small margin and grow positions later; using a stop loss on every position limits losses. So you do not need large capital to start.
