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It is the silver spot price in US commodity market.

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Silver Symbol: "SLVUSD" on the "Dealing Rates" window Contract Size: 1,000 ounces. Pip Value: .01 = $10 USD per Mini lot Margin: same as currencies; $50 USD per lot Trading Hours: 24 hours a day. However, most activity and liquidity is between 4AM and 2PM New York time.

Source(s):

http://www.charterfx.com/metals.htm

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SLVUSD is symbol for Spot Silver, trading terminology is "Silver".

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This is spot Silver trading

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SLVUSD is the symbol of silver in metal trading.

Buying or selling of SLVUSD means buying or selling of silver in US Dollar term respectively.

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Its the silver spot price in the US commodities market. THere is also a london price

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Not sure on this.. Google search with no results.