Supply and demand
Inflation
Gold prices
US dollar
Economic trends
Geopolitical tension
Silver has been highly valued by humans for centuries, used as a form of currency, in jewellery, and has become a critical raw material in global commerce and as a standalone investment. This inherent value and safe-haven appeal makes silver an ideal trading commodity.
To invest in silver, you can either buy the physical raw material, or simply trade the real-time price movements of the underlying asset.
Trading silver with Axi gives you the benefit of investing in one of the world's most popular and trusted commodities without having to actually take ownership of any physical raw material.
When you trade silver, you do it as a Contract for Difference, or CFD, which means you simply trade the real-time price movements of the underlying asset. Because of this flexibility, CFD trading allows you to profit when the price of silver goes up or down.
Physical silver: This is when you purchase a quantity of silver (i.e. jewellery) which you physically hold as an asset until you're ready to sell.
Silver futures: If you believe the silver price will go up in the future, you can enter a contract where you agree on a price to pay today for a quantity of silver that will be delivered at a set date in the future. The aim is to then sell the physical silver for more than what you paid.
Silver CFDs: CFD trading lets you trade real-time price movements without having to buy any physical silver. Because CFDs are leveraged products, you only need to invest a small sum to gain full exposure to the underlying trade. Note that the profit or loss is calculated according to the full size of the trade position, so both profits and losses are magnified.
Follow our process to start silver trading today:
Futures CFDs derive their pricing from underlying futures contracts, while silver CFDs derive their pricing from the underlying spot market. For a complete overview of all the silver instruments available to trade and their active time zones, view our product schedule.
To ensure greater flexibility and lower cost trading, Axi has no minimum funding requirement, no fees and no commission on standard accounts. When you decide to trade silver as a CFD, you can apply leverage and start trading precious metals with an initial deposit as little as $50. But the more you deposit, the more trading opportunities you'll have.
If you choose to take advantage of leveraged trading, you can use a small amount of capital to open larger trade positions. Please note that while leverage creates the potential for larger profits, it can also increase risk of losses greater than the margin in your account.
Want to try silver trading without risking your own funds? Open a free demo account and trade with virtual funds for 30 days.
Supply and demand
Inflation
Gold prices
US dollar
Economic trends
Geopolitical tension
No trading strategy is guaranteed to succeed, but there are several proven methods used by traders all around the world. Kickstart your silver trading journey by choosing a strategy that best fits your financial goals and trading ability.
| Trading Style | Timeframe | Holding Period |
|---|---|---|
| Scalping | Super short term | Seconds to 1 hour max |
| Day trading | Short term | 1 Day |
| Swing Trading | Medium term | Days to week |
| Trend / Position trading | Long - super long term | Weeks to months |
Based on the table above, you should be able to estimate the amount of time you can commit to trading. Note: the shorter the time frame used for analysis, the more time required to look at charts.
The ticker symbol for Silver is XAG. The letter “X” represents “Index” while ‘AG’ is silver's chemical symbol and stands for ‘Argentum’, the Latin word for Silver.
Knowing the ticker symbol makes it easier to search for a Silver trading product/index within the MT4 trading platform. At Axi, you can trade silver as a CFD against the US dollar, so the trading product symbol in MT4 is XAGUSD.
Utilise our world-class trading platforms and powerful tools to enhance your trading experience. With an Axi account, traders of all levels have access to top resources to help further improve their skills.
MetaTrader 4 is the smart choice for online traders everywhere who are looking for a trading edge. Simple for beginners and full of advanced functions for professionals, the MT4 platform helps you unlock unlimited trading possibilities.
Built to utilise Artificial Intelligence and Machine Learning, PsyQuation is a highly advanced trading analytics platform designed to reduce your trading mistakes and provide powerful performance analytics.
Autochartist continuously scans the market for customised trade opportunities, based on realtime pricing and your specific trade setups, then alerts you to potential trades.
Trading hours for Axi clients in the silver spot CFDs market kick off at 01:01 Monday (server time) and close at 23:58 Friday (server time). This includes gold, silver and platinum products. There is a market break that occurs between 23:59 and 01:01 (server time) each morning.
The exchange for silver futures CFDs open at 18:01 Sunday and close at 16:59 Friday (New York timezone). There is a trading break from 16:59 - 18:01.
Analysing historical silver prices may give us information as to where prices are heading next and potential key levels to watch out for. Looking at the big picture, silver has seen many ups and downs, reflecting a variety of economic and political events, and it reached an all-time high in April 2011, hitting $49.760 per ounce.
Yes, you can trade silver on MT4. Trading silver with Axi on MT4 is done by trading silver CFDs. This means that instead of owning the physical metal, you will just be speculating on its price movement.
As with all other asset classes, trading silver can be profitable with the right risk and trade management practices in place. Because many different factors – such as supply and demand issues, or economic outlook – can cause the price of silver to change quickly, the silver market can be volatile. However, it is these price fluctuations that can present traders with opportunities to capitalise on the market movements.
