Spot gold and silver trading is available 23 hours a day from 6pm ET Sunday through 5pm ET Friday. Trading silver is speculative and only moves of the silver price are relevant and important here. You can trade silver by entering into transactions on Silver CFD (contract for differences) and using the potential of financial leverage.

You should consider whether you understand how these products work and whether you can afford to take the high risk of losing your money. To get started in your silver trading career, you need to open up your first trade. On the “CFD” list in our world-class platform, you simply click trade. You then either buy or sell based upon your analysis, putting in stop losses and limit orders to protect your account.

Trade precious metals online with Axi

The COMEX division of the Chicago Mercantile Exchange (CME) offers a futures contract in units of 5,000 troy ounces of silver. Futures contracts are a derivative instrument through which traders make leveraged bets on commodity prices. Traders have several ways to speculate on silver including bullion, futures, options, ETFs, CFDs, and shares. Increases in silver trading demand can result in significant increases in prices, particularly when supply remains constrained. Silver is a way to bet on growing global industrial demand for metals.

Mercury was the one of the highest costs of production for the Americas, since much of it had to be shipped[16] from Almadén in Spain. Above we have given you a rundown of the main instruments for investing in silver at Interactive Brokers. If you are interested in the history of silver or want to check out alternative brokers, take a look at our article. Purchasing physical gold comes with the added cost of having to store it. It can be a better financial decision to gain exposure to gold through funds and the stocks of gold companies. That’s because gold and silver are valued daily by market forces, but this has not always been the case.

What silver CFDs can I trade?

Customers deposit funds with the broker, which serve as margin. The advantage of CFDs is that traders can have exposure to silver prices without having to purchase shares, ETFs, futures, or options. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider.

As we have mentioned, silver tends to gain in value, and inflation, as a precious metal, is not affecting it. Investing in silver is therefore one of the possible choices to protect your capital from inflation. Silver traders get a choice of two assets at FXTM, the XAG/USD and the XAG/EUR.

Silver trading platforms and tools

For example, if you are what is known as a “swing trader”, you are looking at bigger moves in the market and therefore may not pay close attention to the market during the day. PrimeXBT also offers many other markets that you can get involved in, making it a “one-stop-shop” for global trading in commodities, indices, crypto, and foreign exchange. While silver markets are wildly popular with traders, there are some drawbacks. It is not unlike any other market, there are both pros and cons to the way the movement of price happens, the structure of the market, and a whole host of other reasons. No trading strategy is guaranteed to succeed, but there are several proven methods used by traders all around the world. Kickstart your silver trading journey by choosing a strategy that best fits your financial goals and trading ability.

It measures how much silver is needed to buy an ounce of gold using spot prices. For example, if the ratio is 66, it means you’d need 66 ounces of silver to buy one ounce of gold. Most silver trading takes place via futures, spot prices, shares and ETFs. Prices for silver and other precious metals can be affected by the forex https://forexhero.info/td-ameritrade-overview/ markets as they tend to move in an inverse direction to the US dollar. A strong US currency encourages investors to hold dollars and other assets, while a weaker dollar increases the attractiveness of precious metals as a store of value. You can trade our proprietary silver spot prices, futures contracts and options via CFDs.

ETF’s

SLV (the iShares Silver Trust) is an exchange traded fund (ETF) tracking the value performance of the underlying holdings in the London Silver Fix Price. Currently, the SLV has an asset of more than $7.8 billion and is producing an average yearly return of 0.46% since its inception in 2006. Eightcap offers traders the MT4/MT5 trading platforms, upgraded via the FX Blue Labs package consisting of eleven add-ons, transforming the sub-standard core versions into competitive solutions. The excellent execution statistics make Eightcap an ideal broker for algorithmic Silver trading and scalping. Traders can also benefit from Capitalise AI, supporting automated trading without learning how to code.

While the two can move in the same direction at times, the reasoning for a move in the silver market can greatly differ from the gold market. For example, while both can offer a hedge from inflation, silver is a much more industrial metal, meaning that global growth can also drive silver higher, while gold may be shunned in that scenario. To take advantage of the multitude of opportunities that the silver markets offer, you will need to open a silver trading account. At PrimeXBT, we make this simple and you can get started rather quickly.