đ„Trading Silver (XAG) against USDT on Binance* means you're trading a *synthetic version of silver* priced in *USDT (Tether)* â a stablecoin pegged to the US dollar. Itâs not physical silver, but a *futures contract* that tracks the price of silver.
đ„Hereâs What It Means:
- *XAGUSDT* is a *perpetual futures contract* on Binance Futures.
- Youâre speculating on the *price of silver* (XAG) in terms of *USDT*.
- You can go *long* (betting silver will rise) or *short* (betting it will fall).
- You can use *leverage* (e.g., 5x, 10x, 20x), which means bigger exposure with less capital â but also higher risk.
- Itâs *not spot trading*, so you donât own actual silver. Youâre trading a derivative that follows silverâs price.
đ„Whatâs Different from Other Binance Products?
- *Spot Trading*: You buy/sell real crypto (like BTC, ETH). No silver spot market on Binance.
- *P2P or Gold/Silver Merchant Rewards*: These are incentive programs, not direct trading of the metal.
- *XAGUSDT Futures* is the only way to trade silver on Binance â itâs a *contract for difference (CFD)-style product*, purely digital, and settled in USDT.
âïžđ„Example:
If silver is $23/oz and you think itâll go up, you open a *long position* in XAGUSDT. If it rises to $25, you profit in USDT. If it drops to $22, you lose.
