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In the metals trading market, why is silver represented by XAG and gold as XAU? |
In the metals trading market, why is silver represented by XAG and gold as XAU? When naming stocks, ETFs, etc, most exchanges try to pick something that's somewhat relevant. In this case, they used AU and AG which are the chemical symbols of gold and silver. X is the prefix for many of the ETFs for various sectors. In addition to XAU and XAG, there's others such as XHB (housing), XLE (energy), XLU (utilities), and so forth. So basically, the X** is just a naming convention and for the last two, they picked something that at least correlated to the sector. Hope that helps! It's based on the established abbreviations (symbols) of the elements. Silver is AG, and Gold is AU. It is off the Periodic Table of Elements, Au is Gold and Ag is sliver i dont know what the X's mean I don't know what the X is for, but the AG and AU come from the latin names for the metals. Gold is Aurum in latin and Silver is Argentum. i believe the "X" is for "exchange". XAU or XAG is presented as an index of the gold or silver exchange. when you are looking at the number think of it the same way you think of the DOW or NASDAQ index only for metals instead. |
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