XAG/USD (Silver) Position Size Calculator
Silver shares gold's 0.01 pip size but uses a much larger contract: a standard lot is 5,000 troy ounces, so one pip (0.01) is worth $50 per lot. Enter your numbers above — and if your account is not in USD, enter the conversion rate manually.
Results
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Silver pip value and lot size
Industry convention: one XAG/USD standard lot is 5,000 troy ounces, and a pip is a $0.01 move, worth $50 per lot. A $0.10 price move is 10 pips and $500 per lot. Because each pip is worth more dollars than on gold, the correct lot size for the same risk is far smaller.
Worked example: a $10,000 account risking 1% ($100) with a $0.25 stop (25 pips × $50) gives $100 ÷ $1,250 = 0.08 standard lots — 400 ounces. Verify the contract size with your broker; some platforms use 1 oz or 100 oz per lot.
Silver's volatility versus gold
Silver is more volatile than gold on a percentage basis and can move 2–4% in a session. That translates to wide stops in absolute cents. Keep the dollar risk fixed and let the formula shrink the lot size — never widen the stop to justify a larger position.
Note on conversion: no free rate feed covers metals, so if your account currency is not USD, enter the USD-to-your-currency rate manually in the conversion field.
Frequently asked questions
How much is one pip worth on XAG/USD?
At the standard 5,000-ounce lot: $50 per 0.01 pip. A $0.10 price move is 10 pips and $500 per lot.
What lot size for silver with a $5,000 account?
At 1% risk ($50) with a $0.20 stop (20 pips × $50): $50 ÷ $1,000 = 0.05 standard lots — 250 ounces. Enter your exact stop above; silver stops vary widely.
Why do I have to enter the conversion rate manually for silver?
Free exchange-rate APIs cover fiat currencies only. If your account is in EUR or another currency, enter the current USD conversion rate in the field provided — the sizing math then stays exact.