Silver (XAG/USD) Shows Strength Above 30.000
Key Takeaways Market Overview The past several ...Fed expectations. US Election Since […]
Published on: 15 Oct 2024
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HowToTrade.com provides our readers with a daily market analysis for Silver (XAG/USD), including the latest silver news, silver price, updates, and price forecasts from our trading experts.
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If you are looking to trade silver electronically (meaning, not physically), then there are several options available for you. You can buy and sell silver via the futures market; however, this option usually requires a long account-creation process and a high initial investment. Another option is to buy ETFs and shares that are silver-related. At last, you can also trade silver through CFDs, which are basically derivative contracts that allow you to speculate on the price of silver without having to own the asset. This method, although considered risky, enables you to use a low trading margin and high leverage. Additionally, the trading costs and the initial deposit requirements are lower.
CFDs are ideal instruments for those looking to engage in short-term gold trading. Trading CFDs enables you to speculate on gold prices without having to physically own the asset. If you are interested in trading Gold CFDs, here’s what you need to do:
Silver prices are primarily influenced by industrial demand. The commodity is often used for solder and brazing alloys, electrical contacts, batteries, LED and RFID chips, photovoltaic and solar energy, medicine, photography, and nuclear reactors. In addition to that, silver is being used as a store of value against inflation and political instability.
Silver trading is availabe 23 hours a day from Sunday 11 pm GMT through Friday 10 pm GMT.
In trading, the ticker symbol for Silver is XAG. The benchmark for silver’s price is versus the US Dollar, with the ticker symbol XAG/USD.
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