CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 (AUD)

CFD on the spot price of Silver (Silver/AUD).

 SELL Open a SELL trade on  SELL Open a SELL trade on Of current open trades, % are BUY and % are SELL BUY  Open a BUY trade on BUY  Open a BUY trade on   The daily price change of
Product Type: Metal CFDMarket: Global
Currency: AUDMeasurement Unit: Troy Ounce
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Description:

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.

Interesting Facts:

  • 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.