XAGUSD Pip Calculator
Calculate XAG/USD pip and tick value from your lot size and broker contract. Enter a pip count or two silver prices, then reconcile the USD 0.001 and USD 0.01 pip conventions without changing the underlying price-movement value.
Enter the pip convention and silver contract
Use the contract and tick size from the exact broker symbol and account.
Silver pip and tick reconciliation
XAG/USD Pip Analysis 2.0.0.
USD 0.001 versus USD 0.01 convention
The same entered price distance produces different pip counts and per-pip values, but the same movement magnitude.
On smaller screens, scroll this table horizontally; the page itself remains contained.
| Convention | Pip size | Pip count | Value per pip | Movement magnitude |
|---|
Lot-size reference table
Reference rows reuse the exact entered contract, pip, tick, distance and account conversion.
The entered lot is added when it is not already one of the three standard reference rows.
| Lots | Troy ounces | Value per selected pip | Value per broker tick | Movement magnitude |
|---|
How XAGUSD pip value is calculated
USD value per selected pip = pip size (USD per oz) × silver exposure (oz)
Account value per pip = USD pip value ÷ USD per account-currency unit
Price distance = pip count × selected pip size
Movement magnitude = price distance × silver exposure
The selected pip is a declared price increment. The broker tick is the minimum price step and remains a separate input. If one selected pip is USD 0.01 and one tick is USD 0.001, the page reports ten ticks per selected pip.
Worked example from the audited fixture
Load the example for 0.02 lot, a 5,000-oz contract, a USD 0.001 pip and two prices at 30.000 and 30.250. Exposure is 100 oz, the absolute price distance is USD 0.25 per ounce, and one selected pip is worth USD 0.10.
Under the USD 0.001 convention the move is 250 pips; under the USD 0.01 convention it is 25 pips. In both rows the gross movement magnitude remains USD 25 because the price distance and ounce exposure did not change.
Use and limitations
- Verify the exact symbol contract size, tick size and volume units in the current broker account.
- State whether a silver pip means USD 0.001, USD 0.01 or another increment before comparing pip counts.
- Two-price mode uses an absolute distance and deliberately carries no trade direction.
- Account conversion is manually entered, not fetched or timestamped.
- Spread, commission, swap, slippage, tax, rebates and conversion charges are excluded.
- The result is not a position size, margin requirement, net P/L, forecast or recommendation.
Frequently asked questions
- It depends on the declared pip increment, broker contract size and lot volume. This page multiplies those three entered values instead of assuming one universal silver pip.
- Both conventions appear in broker and educational material. Select the definition your source uses; the comparison table shows why the same price move has different pip counts but the same monetary movement magnitude.
- Multiply the selected USD-per-ounce pip size by contract ounces per lot and lot volume, then divide the USD result by the entered USD-per-account-currency rate if required.
- The tick size is the broker symbol’s minimum price change. A declared pip convention may equal one tick, contain several ticks or use another increment.
- Yes. Two-price mode takes the absolute difference between the entered prices and divides it by the selected pip size. It does not infer buy or sell direction.
- Contract ounces per lot can differ by broker, account and product. Hiding that multiplier can create a ten-times or hundred-times value error.
- Enter the account currency code and how many USD equal one account-currency unit. The page divides USD monetary values by that manually entered rate.
- No. It reconciles entered pip, tick, contract and price-distance arithmetic. It does not size risk, infer direction, calculate net P/L or forecast a market result.
Sources and methodology
- MQL5 Reference — Symbol Properties — distinguishes contract size, tick size, tick value and volume properties.
- MQL5 Reference — OrderCalcProfit — documents symbol-, volume- and price-dependent pre-evaluation in account currency.
- FXOpen AU Product Disclosure Statement — a primary broker example documenting a 5,000-unit XAG/USD lot.
- IC Markets EU Commodity Specification Sheet — a separate primary broker example documenting a different silver contract multiplier.
Version 2.0.0 performs deterministic entered-data arithmetic locally. The broker records demonstrate why contract and increment inputs stay editable; they are examples, not universal specifications or endorsements.
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Silver pip arithmetic does not establish execution quality or suitability. Verify the current entity, account, symbol, contract, tick, spread, commission and financing terms available in your jurisdiction.
Risk and affiliate disclosure: Leveraged forex and CFD trading can result in substantial losses. Pip and tick calculations do not predict direction, execution or returns. These are affiliate links, so ForexMT4Indicators.com may receive compensation if you register or trade through them, at no additional cost to you. Availability and terms vary by jurisdiction and entity.