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About
History
Differences between Investing vs Trading
About
History
Differences between Investing vs Trading
Silver is a precious metal that has been used as a form of currency for centuries. Today, silver is traded on financial markets around the world. Silver prices are volatile, which makes it an attractive commodity for traders looking to make quick profits.
The silver market is relatively small compared to other commodities, such as gold or crude oil. This means that silver prices can be more susceptible to manipulation by large investors. Nevertheless, silver trading can be profitable if you know what you're doing.
The price of silver is quoted in US dollars per ounce (oz). The most common silver CFD is XAG/USD, which tracks the price of silver against the US dollar.
The price of silver has been volatile in recent years. After reaching a peak in 2011, the price of silver fell sharply in 2012 and 2013. Since 2014, the price of silver has been gradually rising. However, there have been some sharp fluctuations along the way.
In early 2020, the price of silver fell sharply due to the coronavirus pandemic. However, it soon recovered and reached a new high for the year in August 2020. The price of silver is affected by various factors, including economic conditions, industrial demand, and geopolitical events. However, one of the most important factors influencing silver prices is investor sentiment. When investors are bullish on silver, prices tend to rise. When investors are bearish, prices tend to fall.
When it comes to silver, traders have two main options: they can trade or invest in the metal. Each option has its own risks and rewards, so it's important to understand both before deciding which one is right for you.
Investing in silver means buying the metal itself, either in physical form or through a paper asset such as a futures contract. The advantage of investing is that you can hold onto your silver for years, selling it when the price is right. The downside is that silver can be volatile, and prices can drop quickly if there's a sudden change in market conditions.
Trading silver via a contract for difference (CFD) gives you exposure to the metal without having to actually own it. You can trade CFDs on silver through online brokers. The advantage of trading CFDs is that you can take advantage of both rising and falling prices. The downside is that you'll need to put up collateral to trade, and you'll be subject to the broker's fees and commissions.
| Swap long | [[ data.swapLong ]] points |
|---|---|
| Swap short | [[ data.swapShort ]] points |
| Spread min | [[ data.stats.minSpread ]] |
| Spread avg | [[ data.stats.avgSpread ]] |
| Min contract size | [[ data.minVolume ]] |
| Min step size | [[ data.stepVolume ]] |
| Commission and Swap | Commission and Swap |
| Leverage | Leverage |
| Trading Hours | Trading Hours |
* The spreads provided are a reflection of the time-weighted average. Though Skilling attempts to provide competitive spreads during all trading hours, clients should note that these may vary and are susceptible to underlying market conditions. The above is provided for indicative purposes only. Clients are advised to check important news announcements on our Economic Calendar, which may result in the widening of spreads, amongst other instances.
The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
Trade [[data.name]] with Skilling
Take a view on the commodity sector! Diversify with a single position.
- Trade 24/5
- Tight spreads
- Average Execution at 5ms
- Easy to use platform
FAQs
What are the differences between Silver and Gold?
When it comes to CFD trading, the differences between Silver and Gold depend on the features they offer. Gold accounts have access to more advanced features that benefit traders in various ways.
Silver accounts are ideal for beginner traders because they offer lower spreads and commissions. This can help them gain experience without risking too much of their own capital at once. Silver accounts also offer access to basic analytical tools, but not as many as Gold accounts.
Gold accounts are better suited for experienced traders who have a deeper understanding of the CFD market. They offer lower spreads and commissions than Silver accounts, plus access to more advanced features such as premium research content, automated trading tools and analytics packages.
How much Silver is there available?
Silver is one of the most abundant elements on Earth. The estimated total amount of silver in the Earth's crust ranges from 500 million to 1 billion troy ounces, or 15–25 billion grams. This abundance makes it relatively inexpensive when compared with other precious metals, such as gold and platinum. Silver can be found in many places around the world, including in veins in rocks and in the oceans as dissolved salts. It can also be produced through a variety of industrial processes.
The amount of silver available for use changes each year due to new production or discoveries, and the demand created by various applications. For example, increased demand from industrial uses such as electronics and medical equipment can increase the amount of silver required for those purposes.
How to trade Silver?
Trading silver is similar to trading other commodities. Before you begin, it’s important to familiarize yourself with the different types of silver available and what factors affect its price. There are two main types of silver: physical silver and paper silver.
Physical silver refers to coins, bullion bars and other forms of actual physical metal while paper silver is a derivative that allows you to trade without actually owning any physical metal. Alternatively, options allow you to buy or sell the right to purchase an asset at a specific price in the future but do not require you to actually own the asset.
Why Trade [[data.name]]
Make the most of price fluctuations - no matter what direction the price swings and without the restrictions that come with owning the underlying asset.
CFD
Actual Commodities
Capitalise on rising prices (go long)
Capitalise on falling prices (go short)
Trade with leverage
Trade on volatility
No commissions
Just low spreads
Manage risk with in-platform tools
Ability to set take profit and stop loss levels