Trade Futures on the most popular Metals like Silver, Gold, and more. Trading Metals commodities has long caught the eyes of traders around the globe, and Plus500 offers you the opportunity to start trading precious metals futures hassle-free. Trade Futures on Silver With as little as $100 you can get to trading!
Simple and lightweight Silver Futures Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our Silver Futures chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!
Silver Futures Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.
In Metals Futures contracts, a buyer and seller trade metal products at a fixed future date, price, and amount. We offer a range of ways to begin metals trading, from precious metals futures like Gold, which may increase safety against inflation, to base metals futures like Copper, which may help protect against cyclical market fluctuations and swings, and ferrous metals futures like Steel, which may help mitigate supply chain risks.
Accordingly, due to their appeal, many traders and investors may want to trade these metals and potentially profit from them. This can be done in multiple ways, one of which is owning the precious metals by buying them either from a bank, intermediary, or exchange like the Shanghai Gold Exchange. Another way to trade precious metals is through buying or selling gold and silver coins or bars. But perhaps one of the most popular ways to trade gold and silver is through Gold and Silver Futures.
Leverage: for traders seeking to potentially magnify their gains using a relatively smaller margin Futures trading may be a good fit.
Risk hedging: Futures allow traders and large corporations to hedge against the risk of metal commodities price swings.
Flexibility: Futures trading allows access to gold and silver prices almost 24 hours a day, 6 days a week which increases trading opportunities and exposure to price changes, unlike traditional gold trading. However, please note that each trading day, there’s a one-hour break in the afternoon.
Gold and silver may have an intrinsic value which means that they may depreciate but will usually hold most of their value. However, please keep in mind that past performance is no indicator of future results.
Some consider Gold and silver trading to be more liquid than stock trading though both types of trading can be volatile and their liquidity can ebb and flow.
Unlike stocks, metals are tangible assets that can be seen and measured which may be attractive to traders who prefer to invest in actual resources.
In addition, like most market sectors, metal commodity prices tend to shift due to changes in market sentiment and interest rates changes. This is because when the Federal Reserve hikes interest rates, the U.S. dollar tends to appreciate in value, which, in turn, causes gold to decline due to the fact that gold futures are priced in U.S. dollars.
Moreover, given the fact that gold is mined from the earth, it might not come as a surprise to learn that geographical and weather changes can affect bullion prices.
Furthermore, historical price patterns indicate that silver and gold prices tend to rise and fall in tandem since as gold rises, silver rises too. Nonetheless, it is important to note that the markets are volatile and that past performance does not necessarily reflect future results. Other factors that may affect silver prices are economic trends and market sentiment which can also affect gold as well.
Overall, gold trading and silver trading can be achieved in various ways. If Gold and Silver Futures and online gold and silver trading appeal to you, then you can trade them through Plus500’s Futures trading platform.
Silver futures are traded on several commodity exchanges - NYMEX, COMEX, CME, ICE, LME.
NYMEX (business hours 08:10-15:20 New York time (GMT-04:00 and GMT-05:00 in winter)) and COMEX (08:00-13:30 New York time). The division is arbitrary, since both NYMEX and COMEX are components of the CME Group conglomerate.
The contract ticker on the Chicago Mercantile Exchange (CME) is SI, its volume is 5,000 troy ounces, and silver is quoted in US dollars.
The minimum step is $0.005 per troy ounce or $25 per 1 contract. According to the rules, futures are quoted for 3 consecutive months (current + 2 next), as well as in any January, March, May or September in the next 23 months and in any July or December in the next 60 months.
Similar futures are traded on the Intercontinental Exchange (ICE). In addition, on many sites there are mini-contracts with a reduced lot.
For example, on the CME it has the ticker QI and is 2500 ounces, half the size of a standard lot. Step $0.0125 per ounce or $31.25 per contract.
On the London Metal Exchange (LME), contracts are traded under the ticker AG and have the same volume of 5,000 ounces.
On the Tokyo Commodity Exchange (TOCOM), silver futures have a number of differences. First of all, they have a numerical ticker of 12, and their volume is 10 kilograms. The currency of settlements on them is also not dollars, but yen.
In addition to the listed futures, there is also trading on the currency exchange. In this case, we are talking about the XAGUSD pair.
As for the price of silver, over the past 10 years it has not risen in price and updated the lows over and over again.
When analyzing the silver market, consider:
Silver is driven relative to gold. The fact is that companies developing deposits deal with 3-4 precious metals at the same time. Gold is a more popular commodity, if the price of it rises, then the production capacity of gold miners will also grow, then attention will be paid to silver.
The situation in the countries leading in silver mining. If, for example, a coup d'état occurs in Mexico, this will immediately affect the price of the precious metal. The cost will include an uncertainty factor.
Seasonal factor. For example, during the wedding period in India, due to an increase in demand for gold, an empty place is created in the precious metals market, which can be occupied by silver.
The general state of the world economy. The main consumption of silver falls on the industry, so in times of crisis, silver does not grow as rapidly as gold. Investors are in no hurry to transfer capital into it.
The price of silver depends on the balance of supply and demand. For a sharp increase, an equally sharp increase in demand for the precious metal is needed.
Also, the silver rate today depends on information about the discovery of new deposits.
The course may be affected by breakthroughs in the chemical industry, for example, making it possible to recover silver from waste.
In everyday life, coins are minted from this metal, jewelry and cutlery are made.
Due to its high light sensitivity, silver is used in photography.
The chemical properties of the metal make it possible to use it as a catalyst in oxidation reactions, for the manufacture of batteries, explosives, and also in gas mask filters.
Silver iodide can even be used to disperse clouds. Relatively recently, silver began to be actively used in the textile industry for the manufacture of special fabrics.
Of course, significant amounts of silver are stored in the form of bars in the state gold and foreign exchange reserves, and are also used as an investment asset both in short-term trading and for long-term investments.
Simple and lightweight Silver Futures Live Chart is a powerful free tool that allows you to easily conduct technical analysis online without downloading additional files and applications. In order to meet the needs of the most demanding technical analysts, you can find over a hundred chart analysis tools on our Silver Futures chart. You can also add any of 80 technical indicators directly to the chart online - in two clicks. The possibilities are endless!
Technical Analysis Silver Futures
Silver Futures Technical Analysis widget is a modern handy tool that shows ratings based on technical indicators data. The design of the widget is made in the form of a speedometer, thanks to which you can quickly see the results of the summary technical analysis. You no longer need to use many indicators for analyzing financial instruments, the widget will do it for you. In addition, all rating data are updated in real time. These technical indicators are used for technical analysis: Relative Strength Index, Stochastic, Commodity Channel Index, Average Directional Index, Awesome Oscillator, Momentum, MACD, Stochastic RSI, Williams Percent Range, Bull Bear Power, Ultimate Oscillator, Exponential Moving Average, Simple Moving Average, Ichimoku Cloud Base Line, Volume Weighted Moving Average, Hull Moving Average.
Trade Silver Futures
Trade Futures on the most popular Metals like Silver, Gold and more. Trading Metals commodities has long caught the eyes of traders around the globe, and Plus500 offers you the opportunity to start trading precious metals futures hassle-free. Trade Futures on Metals With as little as $100 you can get to trading!In Metals Futures contracts, a buyer and seller trade metal products at a fixed future date, price, and amount. We offer a range of ways to begin metals trading, from precious metals futures like Gold, which may increase safety against inflation, to base metals futures like Copper, which may help protect against cyclical market fluctuations and swings, and ferrous metals futures like Steel, which may help mitigate supply chain risks.
Trade Metal Futures Like a Boss
Browse our free educational videos and articles to stay in the loop on the Metal Futures market. Learn the ins and outs of trading Futures on Metals with our Academy!How to Trade Gold & Silver: Precious Metals Futures Explained
Gold and silver are precious metals that are valued by many for their safe haven appeal as traders and investors tend to seek refuge from inflation through trading them. This is because historical price patterns have shown that whereas inflation and recessionary fears may cause volatility across various market sectors, some assets like Gold and Silver are considered to be less volatile in such cases as they tend to preserve or ascend in their value. So what are precious metals exactly, how do you trade them, what shifts their prices and what are their benefits?What Are Precious Metals and How to Trade Them?
Famous for being used in jewelry-making, as the name might entail, precious metals are elements that are considered to be scarce, valuable, and more expensive than other metals. Moreover, besides being used for jewelry, precious metals are also used in the creation of electronics, energy products, and automobiles. In addition, when talking about precious metals, it is important to note that the most popular of them are gold, silver, palladium, and platinum.Accordingly, due to their appeal, many traders and investors may want to trade these metals and potentially profit from them. This can be done in multiple ways, one of which is owning the precious metals by buying them either from a bank, intermediary, or exchange like the Shanghai Gold Exchange. Another way to trade precious metals is through buying or selling gold and silver coins or bars. But perhaps one of the most popular ways to trade gold and silver is through Gold and Silver Futures.
What Are Gold Futures or Silver Futures?
Futures contracts offer traders the opportunity to access a wide range of financial markets, including the metals commodities market, and trade on their rising or falling prices. Gold and Silver Futures are derivative contracts that obligate the trader to buy or sell gold or silver at a predetermined price and quantity in the future.What Are Some Advantages of Trading Gold and Silver Futures?
Investors and traders may want to trade Gold and Silver Futures due to the fact that they come with multiple possible advantages that include the following:Leverage: for traders seeking to potentially magnify their gains using a relatively smaller margin Futures trading may be a good fit.
Risk hedging: Futures allow traders and large corporations to hedge against the risk of metal commodities price swings.
Flexibility: Futures trading allows access to gold and silver prices almost 24 hours a day, 6 days a week which increases trading opportunities and exposure to price changes, unlike traditional gold trading. However, please note that each trading day, there’s a one-hour break in the afternoon.
The Benefits of Trading Precious Metals Over Stocks
Whereas precious metals can be a safe haven from inflation as they can appreciate or preserve their value, stocks tend to be more volatile in times of economic downturn.Gold and silver may have an intrinsic value which means that they may depreciate but will usually hold most of their value. However, please keep in mind that past performance is no indicator of future results.
Some consider Gold and silver trading to be more liquid than stock trading though both types of trading can be volatile and their liquidity can ebb and flow.
Unlike stocks, metals are tangible assets that can be seen and measured which may be attractive to traders who prefer to invest in actual resources.
What Moves Gold Prices?
While generally gold is known for its appeal, its prices can shift due to supply and demand changes. According to the supply and demand law, commodity prices are likely to rise when the overall supply and inventory fall and vice versa.In addition, like most market sectors, metal commodity prices tend to shift due to changes in market sentiment and interest rates changes. This is because when the Federal Reserve hikes interest rates, the U.S. dollar tends to appreciate in value, which, in turn, causes gold to decline due to the fact that gold futures are priced in U.S. dollars.
Moreover, given the fact that gold is mined from the earth, it might not come as a surprise to learn that geographical and weather changes can affect bullion prices.
What Moves the Price?
Like gold, silver prices are also subject to supply and demand changes. Also, similar to gold, inflation and the purchasing power of the U.S. dollar can affect the prices of silver whereby a stronger dollar weakens silver. This also applies to interest rates as higher interest rates can lead to lower silver prices and vice versa.Furthermore, historical price patterns indicate that silver and gold prices tend to rise and fall in tandem since as gold rises, silver rises too. Nonetheless, it is important to note that the markets are volatile and that past performance does not necessarily reflect future results. Other factors that may affect silver prices are economic trends and market sentiment which can also affect gold as well.
What Are the Official Trading Times For Precious Metals?
Precious metals trading is conducted from Sunday at 6:00 p.m. EST until close on Friday at 5:00 p.m. EST with an additional break between 5:00 p.m. till 6 p.m. from Monday to Thursday.Overall, gold trading and silver trading can be achieved in various ways. If Gold and Silver Futures and online gold and silver trading appeal to you, then you can trade them through Plus500’s Futures trading platform.
About Silver
For trading silver on the stock exchange, futures contracts and options are most often used as the most convenient tool for profiting from changes in its price.Silver futures are traded on several commodity exchanges - NYMEX, COMEX, CME, ICE, LME.
NYMEX (business hours 08:10-15:20 New York time (GMT-04:00 and GMT-05:00 in winter)) and COMEX (08:00-13:30 New York time). The division is arbitrary, since both NYMEX and COMEX are components of the CME Group conglomerate.
The contract ticker on the Chicago Mercantile Exchange (CME) is SI, its volume is 5,000 troy ounces, and silver is quoted in US dollars.
The minimum step is $0.005 per troy ounce or $25 per 1 contract. According to the rules, futures are quoted for 3 consecutive months (current + 2 next), as well as in any January, March, May or September in the next 23 months and in any July or December in the next 60 months.
Similar futures are traded on the Intercontinental Exchange (ICE). In addition, on many sites there are mini-contracts with a reduced lot.
For example, on the CME it has the ticker QI and is 2500 ounces, half the size of a standard lot. Step $0.0125 per ounce or $31.25 per contract.
On the London Metal Exchange (LME), contracts are traded under the ticker AG and have the same volume of 5,000 ounces.
On the Tokyo Commodity Exchange (TOCOM), silver futures have a number of differences. First of all, they have a numerical ticker of 12, and their volume is 10 kilograms. The currency of settlements on them is also not dollars, but yen.
In addition to the listed futures, there is also trading on the currency exchange. In this case, we are talking about the XAGUSD pair.
Review
The largest silver mining countries are:- Peru;
- China;
- Russia;
- Poland;
- Australia;
- Chile;
- Bolivia;
- Argentina;
- USA.
As for the price of silver, over the past 10 years it has not risen in price and updated the lows over and over again.
When analyzing the silver market, consider:
Silver is driven relative to gold. The fact is that companies developing deposits deal with 3-4 precious metals at the same time. Gold is a more popular commodity, if the price of it rises, then the production capacity of gold miners will also grow, then attention will be paid to silver.
The situation in the countries leading in silver mining. If, for example, a coup d'état occurs in Mexico, this will immediately affect the price of the precious metal. The cost will include an uncertainty factor.
Seasonal factor. For example, during the wedding period in India, due to an increase in demand for gold, an empty place is created in the precious metals market, which can be occupied by silver.
The general state of the world economy. The main consumption of silver falls on the industry, so in times of crisis, silver does not grow as rapidly as gold. Investors are in no hurry to transfer capital into it.
The price of silver depends on the balance of supply and demand. For a sharp increase, an equally sharp increase in demand for the precious metal is needed.
Also, the silver rate today depends on information about the discovery of new deposits.
The course may be affected by breakthroughs in the chemical industry, for example, making it possible to recover silver from waste.
Industry and Silver
The physical properties make it possible to use the metal in the manufacture of electrical contacts of complex equipment, elements for microwave technology, mirrors, the food industry (the additive E174 is based on silver) and other products.In everyday life, coins are minted from this metal, jewelry and cutlery are made.
Due to its high light sensitivity, silver is used in photography.
The chemical properties of the metal make it possible to use it as a catalyst in oxidation reactions, for the manufacture of batteries, explosives, and also in gas mask filters.
Silver iodide can even be used to disperse clouds. Relatively recently, silver began to be actively used in the textile industry for the manufacture of special fabrics.
Of course, significant amounts of silver are stored in the form of bars in the state gold and foreign exchange reserves, and are also used as an investment asset both in short-term trading and for long-term investments.