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How to buy silver on RBC Direct Investing

Okay so for your own reasons you have decided you'd like to buy 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 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 RBC Direct Investing, you can use the following vehicles to invest into silver:

  • Silver ETF

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Buy silver on RBC Direct Investing
Ways to buy silver on RBC Direct Investing

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

Buy silver on RBC Direct Investing
Bottomline

We have given you a rundown of the main instruments available at RBC Direct Investing 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.

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Author of this article

Oskar Golebiowski

Author of this article

Oskar's goal is to bring transparency to investors in the Canadian stock brokerage market. With a bachelor’s degree in finance and over 3 years of business experience, Oskar has tested many different investing platforms in the past. His aim is to provide unbiased and honest reviews of the best tools available to Canadian investors.

Oskar Golebiowski

Canadian broker expert

Oskar's goal is to bring transparency to investors in the Canadian stock brokerage market. With a bachelor’s degree in finance and over 3 years of business experience, Oskar has tested many different investing platforms in the past. His aim is to provide unbiased and honest reviews of the best tools available to Canadian investors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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