How to trade Silver?

Learn to trade Silver – one of the world's most valuable precious metals and popular trading commodities

Open Account Try a Free Demo

What is silver trading?

Silver has been highly valued by humans for centuries, used as a form of currency, in jewellery, and has become a critical raw material in global commerce and as a standalone investment. This inherent value and safe-haven appeal makes silver an ideal trading commodity.

To invest in silver, you can either buy the physical raw material, or simply trade the real-time price movements of the underlying asset.

How to trade silver?

Trading silver with Axi gives you the benefit of investing in one of the world's most popular and trusted commodities without having to actually take ownership of any physical raw material.

When you trade silver, you do it as a Contract for Difference, or CFD, which means you simply trade the real-time price movements of the underlying asset. Because of this flexibility, CFD trading allows you to profit when the price of silver goes up or down.

What are the different ways to trade silver?

Physical silver: This is when you purchase a quantity of silver (i.e. jewellery) which you physically hold as an asset until you're ready to sell.

Silver futures: If you believe the silver price will go up in the future, you can enter a contract where you agree on a price to pay today for a quantity of silver that will be delivered at a set date in the future. The aim is to then sell the physical silver for more than what you paid.

Silver CFDs: CFD trading lets you trade real-time price movements without having to buy any physical silver. Because CFDs are leveraged products, you only need to invest a small sum to gain full exposure to the underlying trade. Note that the profit or loss is calculated according to the full size of the trade position, so both profits and losses are magnified.

Ready to start trading silver?

Follow our process to start silver trading today:

  • Understand what silver trading is and how it works
  • Open a demo and live account
  • Discover the silver instrument you want to trade
  • Select your trading platform
  • Open a position, monitor and close your first trade

Open Live Account Open Demo Account

What silver CFDs can I trade?

Check out are some of the most popular silver CFDs you can trade with Axi. For a full list of silver trading instruments, view our product schedule.

loading...

Futures CFDs derive their pricing from underlying futures contracts, while silver CFDs derive their pricing from the underlying spot market. For a complete overview of all the silver instruments available to trade and their active time zones, view our product schedule.

How much money do you need to start trading silver?

To ensure greater flexibility and lower cost trading, Axi has no minimum funding requirement, no fees and no commission on standard accounts. When you decide to trade silver as a CFD, you can apply leverage and start trading precious metals with an initial deposit as little as $50. But the more you deposit, the more trading opportunities you'll have.

If you choose to take advantage of leveraged trading, you can use a small amount of capital to open larger trade positions. Please note that while leverage creates the potential for larger profits, it can also increase risk of losses greater than the margin in your account.

Want to try silver trading without risking your own funds? Open a free demo account and trade with virtual funds for 30 days.

What factors influence the price of silver?

Before you start to trade silver online, learn what drives the market for this precious metal.

Supply and demand

Inflation

Gold prices

US dollar

Economic trends

Geopolitical tension

Silver trading strategies

No trading strategy is guaranteed to succeed, but there are several proven methods used by traders all around the world. Kickstart your silver trading journey by choosing a strategy that best fits your financial goals and trading ability.

Trading Style Timeframe Holding Period
Scalping Super short term Seconds to 1 hour max
Day trading Short term 1 Day
Swing Trading Medium term Days to week
Trend / Position trading Long - super long term Weeks to months

Based on the table above, you should be able to estimate the amount of time you can commit to trading. Note: the shorter the time frame used for analysis, the more time required to look at charts.

What is the ticker symbol for silver?

The ticker symbol for Silver is XAG. The letter “X” represents “Index” while ‘AG’ is silver's chemical symbol and stands for ‘Argentum’, the Latin word for Silver.

Knowing the ticker symbol makes it easier to search for a Silver trading product/index within the MT4 trading platform. At Axi, you can trade silver as a CFD against the US dollar, so the trading product symbol in MT4 is XAGUSD.

What other precious metals can I trade with Axi?

The market for precious metal products includes Gold, Silver, Copper and Platinum. Speculate on the price of these metals online via our spot and futures CFDs. Gold Learn how to trade gold online, with fast, reliable execution speeds and competitive spreads.

Gold
Learn how to trade gold online, with fast, reliable execution speeds and competitive spreads.
Copper
Diversify your portfolio by trading commodities and learn how to trade copper online with Axi.

Silver trading platforms and tools

Utilise our world-class trading platforms and powerful tools to enhance your trading experience. With an Axi account, traders of all levels have access to top resources to help further improve their skills.

MetaTrader 4

MetaTrader 4 is the smart choice for online traders everywhere who are looking for a trading edge. Simple for beginners and full of advanced functions for professionals, the MT4 platform helps you unlock unlimited trading possibilities.

Learn about MT4

PsyQuation

Built to utilise artificial tntelligence and machine learning, PsyQuation is a highly advanced trading analytics platform designed to reduce your trading mistakes and provide powerful performance analytics.

Learn about PsyQuation

AutoChartist

Autochartist continuously scans the market for customised trade opportunities, based on realtime pricing and your specific trade setups, then alerts you to potential trades.

Learn about Autochartist

Discover more markets to trade with Axi

Choose from a variety of global markets to trade with Axi, using ultra competitive spreads & flexible leverage to trade your edge.

Silver trading FAQs

Trading hours for Axi clients in the silver spot CFDs market kick off at 01:01 Monday (server time) and close at 23:58 Friday (server time). This includes gold, silver and platinum products. There is a market break that occurs between 23:59 and 01:01 (server time) each morning.

The exchange for silver futures CFDs open at 18:01 Sunday and close at 16:59 Friday (New York timezone). There is a trading break from 16:59 - 18:01.

Analysing historical silver prices may give us information as to where prices are heading next and potential key levels to watch out for. Looking at the big picture, silver has seen many ups and downs, reflecting a variety of economic and political events, and it reached an all-time high in April 2011, hitting $49.760 per ounce.

Yes, you can trade silver on MT4. Trading silver with Axi on MT4 is done by trading silver CFDs. This means that instead of owning the physical metal, you will just be speculating on its price movement.

As with all other asset classes, trading silver can be very profitable with the right risk and trade management practices in place. Because many different factors – such as supply and demand issues, or economic outlook – can cause the price of silver to change quickly, the silver market can be volatile. However, it is these price fluctuations that can present traders with opportunities to capitalise on the market movements.

Trade precious metals online with Axi

Sign up for a live trading account or try a free demo trading account to experience a real trading environment.

Open Account Try a Free Demo