The balanced reaction equation is:
3Ag(s) + Au(NO3)3(aq) "\\rightarrow" Au(s) + 3AgNO3(s)
The reduction half-reaction is:
Au3+(aq) +3e-→ Au(s) ,
the oxidation half-reaction is:
Ag(s) → Ag+ + e-.
This reaction is possible because silver (Ag) is situated higher than gold (Au) in the activity series of metals.
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