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How to buy/sell silver on Royal
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:
- Decide which forms of silver you would like to trade.
- 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 Royal, you can use the following vehicles to invest into silver:
- Silver spot forex (XAGUSD)
Disclaimer: 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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73% of retail CFD accounts lose money
Ways to buy/sell silver on Royal
Silver spot forex
What is silver spot forex?
A silver spot forex is a spot commodity based on the price of silver and traded against the US dollar. It shows how much the silver is worth against USD. According to the ESMA regulation, the leverage on XAGUSD is 1:10. 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. Taking gaps and volatility into consideration, similar risks are associated with spot forex products like CFDs. In the forex market, gaps primarily occur over the weekend because it is the only time the market is closed. If you want to learn more, feel free to read this article about forex trading.
| Can you use leverage/go short? | Yes |
| What can be the important costs? | Spread, Commission, Swap / financing charge (cost for holding a position overnight) |
| Ticker(s) of silver spot forex | XAGUSD |
| Further things to consider | Great risk management tool if appropriately used |
Bottom line
We have given you a rundown of the main instruments available at Royal 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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73% of retail CFD accounts lose money
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