How to buy/sell silver on Webull
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 Webull, you can use the following vehicles to invest into silver:
- Silver ETF
How to buy/sell silver on Webull
Ways to buy/sell silver on Webull
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.
| Can you use leverage or go short? | No, unless you use a margin account | |||
| What can be the important costs? |
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| Ticker(s) of silver ETFs* | SLV, SIVR, SIL. AGQ | |||
| Further things to consider | Liquidity is usually high Wide range of silver ETFs available |
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| *These are some of the largest silver ETFs based on assets under management | ||||
How to buy/sell silver on Webull
Bottom line
We have given you a rundown of the main instruments available at Webull 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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