77% of retail investor accounts lose money when trading CFDs with this provider.
76% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
76% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read our full Risk Warning.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
77% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Silver is commonly traded on commodity markets around the world. Silver's spot price means the number of Australian dollars required to buy one troy ounce of silver (XAG). Accordingly, a silver CFD is commonly referred to as XAG/AUD. Silver/AUD CFDs can be traded 24/5 all year round and have very high market liquidity. This allows traders to open and close positions on silver at almost any given moment. Spot prices are calculated and published every few seconds during market hours.
Silver is produced for a range of purposes, most notably as a form of money and jewelry. In several languages, the word for ‘silver’ is also the word for ‘money’.
The precious metal is primarily traded on the New York Commodities Exchange (COMEX) – the world’s leading gold and silver futures and options exchange.
Mexico is the world's leading silver producer, followed by China, Russia, Australia and Peru.