CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% 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

CFD on the spot price of silver (XAG).

Product Type: Precious Metal CFD Subtype: Metal
Currency: USD Country: United States (US)
Trading Hours: According to market Measurement Unit: Troy Ounce
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Description:

Silver is a popular exchange-traded product that is traded on commodity markets across the globe. Its spot price denotes the amount of United States dollars needed to buy one troy ounce of silver (XAG). As such, a silver CFD is often represented in the form of XAG/USD. Unlike other currencies, silver is not limited to any particular geographical location, meaning it can be traded 24 hours a day, all year round. Another important advantage is that it has very high market liquidity – allowing traders to open and close a position almost whenever they want. The process of determining silver's spot price involves the estimation of worldwide silver extraction and production while taking into consideration the effects of economic and political events, general speculation in markets and the value of other currencies. Spot prices are calculated and published every few seconds during market hours.
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SILVER Market Sentiment
SILVER Chart

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.
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