XAGUSD (Silver) Pip Value & Position Size Calculator
This calculator turns a price move in XAGUSD into a dollar figure, and helps you size a position against a set risk amount. Because silver is quoted directly in US dollars, the numbers it returns need no further currency conversion.
Some links on this page are affiliate links. If you open an account through them we may earn a commission at no extra cost to you. This does not affect the numbers our calculators produce.
Calculator
—
Enter your numbers above.
What a move is worth on XAGUSD
Lot size
1 pip
10 pips
30 pips
50 pips
100 pips
500 pips
Standard · 1.0
$5.00
$50.00
$150.00
$250.00
$500.00
$2,500.00
Mini · 0.1
$0.50
$5.00
$15.00
$25.00
$50.00
$250.00
Micro · 0.01
$0.05
$0.50
$1.50
$2.50
$5.00
$25.00
Value in USD per position at the current rate — counts are in pips. Change your lot size or stop distance in the calculator above to match a real trade.
One pip on XAGUSD works out as 0.001 × 5,000 oz, already in US dollars. The table just multiplies that by your lot size and pip count.
How to use it
Select your lot size, or enter a custom number of pips.
Enter the size of the price move you want to test, in pips.
Read off the dollar value of that move for a standard, mini, or micro lot.
For position sizing, enter your risk amount and stop distance to see the lot size that matches it.
XAGUSD contract specification
Symbol
XAGUSD
Asset class
Precious metal
1 pip
0.001
Contract size (1 standard lot)
5,000 oz
Quote currency
USD
Pip value — Standard lot (1.0)
$5.00
Pip value — Mini lot (0.1)
$0.50
Pip value — Micro lot (0.01)
$0.05
Swap (long, per lot per night)
-22.81 points = -$114.05
Swap (short, per lot per night)
3.62 points = $18.10
Swap data source
XM MT5, 2026-09-05
Points per pip
1
All figures on this page are quoted directly in US dollars, so no exchange rate is involved.
Trading XAGUSD
Spread and swap differ by broker, which changes what a position actually costs you.
One pip in XAGUSD is a price move of 0.001. Multiply that by the number of oz in your position (a standard lot is 5,000 oz) to get the dollar value of the move.
How much is 1 pip in XAGUSD?
For a standard lot, one pip is worth $5.00. For a mini lot it is $0.50, and for a micro lot it is $0.05.
What is the pip value for a 0.01 lot in Silver?
A 0.01 lot is a micro lot, so each pip of movement is worth $0.05. Enter any move in pips into the calculator to convert it to a dollar amount at that size.
How do I work out position size for XAGUSD?
Enter the amount you are willing to risk and the distance to your stop in pips, and the calculator returns the lot size that keeps your risk at that amount. This is the same approach used for any precious metal, not just silver.
Does the calculator need to convert Silver's pip value into USD?
No. XAGUSD is quoted in USD, so pip and lot values are already in US dollars with no separate conversion step.
What is the contract size for Silver?
One standard lot of XAGUSD is 5,000 oz. Mini and micro lots are fractions of that same contract size.