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How to buy/sell silver on Fineco Bank

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Adam N.
Fact checked by
6d ago
Personally tested

How to buy/sell silver on Fineco Bank

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 Fineco Bank, you can use the following vehicles to invest into silver:

  • Silver ETF
  • Silver CFD

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Ways to buy/sell silver on Fineco Bank

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 CFD

What is a silver CFD?

A silver CFD is a financial contract that pays the differences in the settlement price between the open and closing trades (CFD is short for 'contract for difference'). It is popular in the forex and commodities products. When you think of silver CFDs, the underlying asset can be either silver ETF or silver forex. When you buy/sell silver CFDs, you place order on the price change of the underlying asset. It means that:

  • you don't own the underlying silver ETF. The price of a silver ETF CFD follows the price of silver ETFs listed on exchanges.
  • there is no delivery as in the case of a spot forex market. The price of a silver CFD follows the price of silver forex in the spot market.

According to the ESMA regulation, the leverage on ETF CFDs is 1:5, while on XAGUSD CFD is 1:10. You should consider using Stop-Loss in order to manage your risk. It is important to note that even if you use that, you can lose more during gaps. Gaps are sharp breaks in price with no trading occurring in between. In this case, the price can jump over your Stop-Loss level causing higher loss than you set before. Please be aware that trading on margin and other leveraged trading strategies could be extremely risky in times of high market volatility. Sharp price moves could quickly wipe out your invested capital. If you would like to learn more about CFDs, read this article about CFD trading.

Important features of silver CFD
Can you use leverage/go short? Yes
What can be the important costs? Spread, Swap / financing charge (cost for holding a position overnight)
Ticker(s) of silver CFD Ticker of the underlying asset, e.g. XAGUSD, SLV
Further things to consider Silver spot forex CFD market is open 24 hours a day, except weekends

Bottom line

We have given you a rundown of the main instruments available at Fineco Bank 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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