Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Philadelphia Gold and Silver Index

What it is:

The Philadelphia Gold and Silver Index (Nasdaq: XAU) is traded on the Philadelphia Stock Exchange and is made up of 16 precious metal mining companies.

How it works (Example):

The Philadelphia Gold and Silver Index is made up of gold and silver mining company stocks and is not to be confused with physical gold and silver. Though the component stocks change in value daily, the updated list of companies in the index and their values can be found here.

Why it Matters:

The Philadelphia Gold and Silver Index is one of the most closely followed gold indices on the market. An investor can use this index as a benchmark to compare with his/her investments in gold or silver mining companies

An investor can mirror the performance of this index by weighting their portfolio allocation similarly to the index's allocation. Alternatively, an investor may choose to invest in an ETF that trades gold and silver mining companies.

[InvestingAnswers Feature: Why Gold is the Portfolio Choice for all Seasons]

Related Terms View All
  • Auction Market
    Though most of the trading is done via computer, auction markets can also be operated via...
  • Best Execution
    Let's assume you place an order to buy 100 shares of Company XYZ stock. The current quote...
  • Book-Entry Savings Bond
    Savings bonds are bonds issued by the U.S. government at face values ranging from $50 to...
  • Break-Even Point
    The basic idea behind break-even point is to calculate the point at which revenues begin...
  • Calendar Year
    If Company XYZ starts its fiscal year on January 1 and ends its fiscal year on December...