Silver Trading

Trade Silver Online

Silver is considered to be the ‘little sister’ of Gold. And like Gold, it has also been considered a store of wealth for a millennia. In fact, the word for ‘Silver’ and ‘money’ are the same in 14 languages. As the price of Silver is substantially lower than the Gold price, yet they tend to move in the same direction, Silver is often considered a leveraged or geared way to play Gold. It is this relative volatility that makes Silver trading such a popular and attractive pursuit.

How to Trade Silver

The Silver trading market is a mature and deep market, with excellent trading liquidity offering traders the opportunity to profit from both the long and short sides, meaning that there is always profit to be made irrespective of price movement.

Silver has a well established trading pattern, effectively tracking Gold. When the USD is strong, Silver usually underperforms and vice versa. Similarly, when stock markets fall heavily, money often takes flight to the safety of Silver.

NSFX Ltd. offers Silver trading to all clients. Silver is traded predominantly against the USD and EUR; its symbols being XAG/USD or XAG/EUR (AG being the chemical symbol for Silver – the abbreviation for the Latin for Silver, ‘argentum’).

Silver rallied between 2001 and 2011 from approximately $5 to almost $46. It has now corrected for almost 4 years, reaching a low of approximately $13.50 before rallying from this level in 2016. This rally was accompanied with increased volatility in equity markets.

It is apparent that Silver can move dramatically and proportionally more than Gold, which is exactly what traders need to make big gains.


Why with NSFX?

NSFX Ltd. recognises that trading Silver is an integral part of many traders’ trading strategy. Consequently, NSFX provides clients with the best possible trading conditions to profit from Silver price movements, including:

  1. Fast Execution & Tightest Spreads Available.
  2. Trading Silver via Multiple Platforms (Web, Desktop, Mobile).
  3. Balanced Leverage and Exposure , 1:100 , 1% of transaction value.
  4. Flexibility of trading fixed spread Silver or variable ECN spread

Trading Silver at NSFX

The following table outlines Silver trading parameters at NSFX.

For Gold & Metals trading parameters click here

*Silver Trading Parameters at NSFX

Instrument Spread Leverage ECN Leverage Contract Size Min. Trade ECN Min. Trade Roll Sell Roll Buy
SILVER: XAGUSD 5 1:100 1:100 1000 0.1 Lots 0.1 Lots -1.2375 0.7500
SILVER: XAGEUR 5 1:100 1:100 100 0.1 Lots 0.1 Lots -0.9750 0.7500

*These are averages of fluctuating spreads.

Silver Trading Hours

Silver is traded from Sunday at 23:00 GMT to Friday at 20:00 GMT. It is important to note that there is a daily break in Silver trading services between 21:00 GMT and 22:00 GMT, market trading in Silver resumes at 22:00 GMT. During the break period, no trading, or placement of orders will be possible.

Silver Margin Requirements

In a standard 1:100 leveraged trade, 1% of the transaction value must be set aside to cover the margin requirement. As a result, for every $1 in your account you are able to control $100 in the market.

Visit our Trading Example page for real trading examples.

Silver CFD Rollover (Swaps)

In both commodities and foreign exchange markets a rollover/swap, is the interest that is added or deducted in order to secure an open position overnight. Rollover/swap rates are calculated as the overnight interest rate differential between the two currencies on which the position is held comes due, depending on the position type (Buy (Long) / Sell (Short).
Note: All rollover fees for all CFDs including: ‘Gold’, ‘Crude-Oil’, ‘Silver’ and ‘Indices’ will be charged a 1% flat fee.

It is important to consider the following aspects of rollover/swap charges:

  • Rollover/Swaps are charged on client’s forex accounts only on the positions kept open into the next forex trading day
  • The rollover process begins at the end of the US market trading session
  • The Silver rates below are calculated and based on USD accounts per 1 Standard Lot
  • Rollover/swaps are calculated and applied on every trading night. On Wednesday night rollover/swaps are charged at a triple rate (see explanation below)

Precious Metal Rollover/Swaps – Additional Information

At NSFX, rollovers are only dealt with on a ‘spot’ basis. This means that all positions are settled two business days from inception, as per market rules.

NSFX will not facilitate actual physical delivery of either precious metals/currency. As a result, all positions that are open from 23:59:45GMT to 23:59:59GMT (Server time) are rolled over to a new value date. These trades are then charged or credited the relevant rollover as shown in the table above.

Note: When an open trade is rolled over from Wednesday to Thursday on trade, the new value date shifts to Monday of the next week. As a result, the rollover charge on Wednesday evenings will always be three times the value shown in the above table. In general, it should be understood that in the case of factoring in weekends and holidays, the rollover/swap is multiplied by the number of days of the rollover.

*** This information does not constitute an offer or solicitation and should not be relied on as such to enter into a transaction or for any investment decision. This information is provided for information purposes only. Any opinions expressed in this document represent the views of NSFX at the time of preparation. They are thus subject to change without notice. NSFX believes that the information contained herein is accurate as at the date of publication. However, no warranty of accuracy is given by NSFX and no liability in respect of any errors or omissions, including any third party liability, are accepted by NSFX or any director, officer or employee.