Silver Trading

Alongside gold, silver is one of the most important and commonly traded precious metals. At AxiTrader we offer our clients the ability to trade silver on its own, or as part of a diversified trading portfolio. With the ability to profit when the market moves in either direction, silver is one of our most popular products for traders looking for short term trade opportunities.

Trading Silver with AxiTrader

When you trade silver through AxiTrader, you don’t purchase any physical asset that you can hold in your hands. Instead, you buy a CFD – Contract for Difference – that follows the underlying price of silver over a specific time period.

For example, let’s say you purchase a contract for one ounce of silver at a market price of $15, believing the price will increase. If the price has gone up at the point the contracts expires, you will make a profit.

Silver CFD trading also gives you the opportunity to profit when the price of silver falls. For example, if you purchase a contract for an ounce of silver at $15 believing the price will decrease, you will profit if the price has decreased at expiry.

The process of trading silver with AxiTrader is the same as trading Forex. You use the MT4 trading platform to access real-time silver pricing, customisable charts and historical analysis so you’re always well informed about what’s happening in the silver market. And because that market is open to trade 24 hours, five days a week, your MT4 platform offers flexibility and compatibility with the way you want to trade silver, whether it’s on a mobile device, web browser or through a desktop computer.

Quick tips for new gold traders

  • The MT4 symbol for gold is XAGUSD
  • Silver is measured in ounces
  • The price of silver is expressed in $USD

Diversify with Silver CFDs

Trading silver, as with other commodity CFDs, gives you the opportunity to apply leverage to your trades. Utilising leverage, you can reduce your initial margin requirement, therefore freeing up capital to use on other trades. This in turn can help you diversify your trades and spread your risk across multiple trades.

Before committing to a high level of leverage, traders should be aware that a higher rate of leverage will also increase risk to those trades and, in some cases, can lead to losses greater than the initial deposit.

Benefits of Silver Trading

  • No fees and no commission on standard accounts
  • Opportunities for profit in either market direction
  • More exposure from less investment - margins as low as 1%
  • Flexible leverage to help control risk
  • Simple trade executions and analysis within MT4

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