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How to buy/sell silver on Charles Schwab

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Adam N.
Fact checked by
6d ago
Personally tested

How to buy/sell silver on Charles Schwab

Okay so for your own reasons you have decided you'd like to buy/sell silver. That's a good start. Let's see what lies ahead of you before you can officially state that you have a position in silver. If you'd like to buy/sell silver, there are two important things you need to do:

  1. Decide which forms of silver you would like to trade.
  2. Find a broker that provides that form of silver and provides conditions that suit your needs.

Below we will go through the pros, cons, potential fees of each product category, including silver ETF, silver forex, silver CFD, silver futures, and silver options.

Silver is an available investment at Charles Schwab, you can use the following vehicles to invest into silver:

  • Silver ETF
  • Silver options
  • Silver futures

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Ways to buy/sell silver on Charles Schwab

Silver ETF

What is a silver ETF?

A silver ETF is an exchange-traded fund (ETF) that focuses on silver investments. An ETF is a collection of securities (stocks, bonds, commodities and other assets) that often tracks an underlying index. ETFs are similar to mutual funds, however, they are listed on exchanges, and ETF shares trade throughout the day just like an ordinary stock. This is an easy way for investors to gain exposure to the price of silver, without the inconvenience of storing physical bars of the metal. Silver ETFs track usually either physical silver or companies that are related to silver. A side note here: securities that track commodities, such as physical silver are usually called ETC or exchange-traded commodity. If you would like to learn more about ETFs, feel free to check this article about how to buy ETFs online.

Important features of silver ETFs
Can you use leverage or go short? No, unless you use a margin account
What can be the important costs? Commission, Custody fee, Spread, Fees charged by ETF issuers (e.g. expense ratio)
Ticker(s) of silver ETFs* SLV, SIVR, SIL. AGQ
Further things to consider Liquidity is usually high
Wide range of silver ETFs available

*These are some of the largest silver ETFs based on assets under management

Silver options

What is a silver option?

A silver option is a financial instrument that is a derivative based on the value of silver. Silver options are traded through the Chicago Mercantile Exchange (CME), trading under the symbol SO. An options contract offers the buyer the opportunity to buy or sell—depending on the type of contract they hold—the underlying asset.

  • Call option of silver means a financial contract that gives the owner the right, but not the obligation to buy silver at a specified price within a specific time period.
  • Put option of silver means a financial contract that gives the owner the right, but not the obligation to sell silver at a specified price within a specific time period.

If you would like to learn more about futures option trading, read this article.

Important features of a silver option
Can you use leverage / profit form price decrease? Yes, with a put option
What can be the important costs? Spread, Commission
Ticker(s) of silver option SO
Further things to consider Great risk management tool if appropriately used

Silver futures

What is a silver futures?

Silver futures are derivative financial contracts that obligate the parties to transact an asset at a predetermined future date and price. Similar to silver forex, silver CFD, and silver options, silver futures are leveraged and complex products. The buyer must purchase or the seller must sell the underlying asset at the set price, regardless of the current market price at the expiration date. Underlying assets include physical commodities or other financial instruments. Silver is one of the commodities you can trade as a future. In the U.S., silver futures are primarily traded on COMEX (Commodity Exchange).

Important features of a silver futures
Can you use leverage / go short Yes
What can be the important costs? Spread, Commission
Ticker(s) of silver futures SI (+month and year)
Further things to consider Liquidity is high, high margin requirement

Bottom line

We have given you a rundown of the main instruments available at Charles Schwab for investing in silver. Each one has different features and their availability varies from broker to broker. If you are interested in other vehicles, want to check out brokers that offer these instruments or want to read more about the history of silver, take a look at our article.

If silver is not your favorite in the precious metals asset class, check out our article on investing in gold.

Should you decide to invest in silver, bear in mind that these trades involve a certain amount of risk. We strongly suggest that you contact an investment advisor, as this article is not meant to be investment advice.

Leverage is a double-edged sword and can dramatically amplify your profits. It can also just as dramatically amplify your losses. Trading foreign exchange/CFDs with any level of leverage may not be suitable for all investors.

The information provided in this review do not constitute and should not be regarded as an investment advice.

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Adam Nasli
Author of this article
I bring extensive financial expertise as one of BrokerChooser's earliest team members. Personally, I tested nearly all 100+ brokers on our site, opening real-money accounts, executing trades, assessing customer services, and providing firsthand assessment. My professional background includes roles in the banking sector and a degree from Central European University, where I teach finance. My passions lies in in-depth research of the financial industry, building trading algorithms, and managing long-term investments.
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