What is Matrixdock Silver (XAGM)?
Matrixdock Silver XAGm is a standardized token on blockchains, where 1 token initially represents one fine troy ounce of 99.9% purity LBMA-accredited Good Delivery silver. This representation will decrease slightly over time as custody fees accrue and is reflected in the ozPerToken daily value, which represents the amount of silver weight each token corresponds to. The total supply of XAGm tokens multiplied by the ozPerToken value is intended to correspond to the total amount of physical silver in the vaults.
Where can you buy Matrixdock Silver?
Matrixdock Silver (XAGM) is traded on a wide range of centralized and decentralized exchanges. The most liquid markets for XAGM sit on tier-1 venues - the sort of exchanges where institutional desks and professional market makers rebalance continuously - which is what keeps the spread tight and the last price tied closely to fair value.
The price and 24-hour volume on this page combine the exchanges ReadPrices tracks for XAGM. Before you trade, compare the fee schedule and the order-book depth on the venue you plan to use: the same coin can cost noticeably more to buy on a thin market.
