Silver Trading with CFDs

Trade Silver CFDs on Our MT4 Trading Platform

Silver trading dates back about 5,000 years ago when it was used as a means of exchange (monetary transactions). Similar to gold, silver was heavily traded in ancient times because it was considered as a measure of wealth and was valuable as jewellery. It was also attractive and commonly used for decorative and artistic purposes.

Today, Silver trading is still popular not only among traders of the physical metal but among financial traders who take advantage of the price movements in silver. Trading Silver CFD contracts means you don’t have to accept the physical delivery of the precious metal. You are only trading the price movements.

At Synergy FX, you can trade Silver along with other Commodity CFDs directly via our MT4 trading platform.

Important Contract Specifications for Silver CFDs

Contract size:
1 contract equals 5,000 ounces of silver. You can trade as little as 0.01 silver CFDs which means you control 50 ounces of silver.
Margin required: 1%. 1% margin is calculated as follows. Lots X Initial Margin / Leverage. Therefore 0.01 lots * 100,000 /100 = $10. Price per point for every 0.01 lots is such that if the price moves a full point 16.01 to 17.01 this is $100.
Comm.: There are no commissions on the Silver CFD.
Spreads: Floating. This means the spread will be low during active market hours and higher during market hours.
Smallest contract size: 0.01 CFD. You can trade as little as 1 Micro CFD.
Price per point: $US10. For every contract you have, each full point movement will be $US10.
Available on social trading: Yes
Liquidity: We source our liquidity for our Silver CFDs via a number of global exchanges and price feeds.

Why trade Silver CFDs?

There are a number of benefits of trading Silver CFDs with Synergy FX. These include:

  • Low margins starting at just 1%. Please keep in mind that Silver CFDs are leveraged products and extremely volatile. You must understand the risks involved.
  • You can trade from just 1 Micro Silver CFD.
  • Excellent liquidity allowing for excellent trade execution during fast-moving markets.
  • Access to both profit taking, stop loss and trailing stop orders.
  • Price alerts can be set to notify you on screen or via email.
  • Robots, scalpers and hedging are welcome.
  • Free unlimited access to our exclusive Education Portal.

Trading hours to buy and sell Silver CFDs

Sessions Quotes Trade
Sunday
Monday 01:00-24:00 01:01-23:59
Tuesday 01:00-24:00 01:01-23:59
Wednesday 01:00-24:00 01:01-23:59
Thursday 01:00-24:00 01:01-23:59
Friday 01:00-23:57 01:01-23:57
Saturday

Start trading Silver with CFDs today by opening a live or demo MT4 trading account.

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Why Synergy FX ?

7 FACTS ABOUT SILVER

  • The main drivers for the price of silver include industrial production, jewellery, coins, medals, silverware and photography. Government actions and policies and the strength of the US dollar can also affect the price of silver.

  • Across the last 5 years, industrial users have bought more than half of all the silver sold worldwide. 

  • On a monthly basis since 1968, gold and silver have moved in the same direction 74% of the time. 

  • London is the heart of the world’s wholesale market in silver.

Start trading Silver with CFDs today by opening a live or demo MT4 trading account.

Open Live AccountStart Live Trading Today
Open Demo AccountFree Instant Trading