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Silver Forex Trading

Silver forex trading is available though ThinkForex trading platforms. Like gold silver is used as an alternative to paper currency and a store of wealth, Silver also has many industrial applications including dentistry, photography, optics, and medical devices.

The spot silver market is smaller in scale than the spot gold market and can experience times of low liquidity or high volatility. Silver continues to gain more attention as precious metals outperform traditional asset classes when compared on an annual basis.

Consider the addition of silver to your trading portfolio.

MetaTrader 4 Benefits
Benefits
  • Portfolio Diversification
  • Safe Haven Asset
  • Wealth Preservation
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MetaTrader 4 Benefits
Features
  • Features
  • NDD (Dealing Desk Execution)
  • 400:1 Leverage
  • Trade side by side with Forex pairs
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Contract Specifications & Margin Calculations
Silver
Contract Symbol: XAGUSD
Contract Size: 5000 oz
Pip size: 0.01
Pip Value per 1.0 Lot - $50
Minimum Stop - 0.05
Margin Calculation: (5000 x Price x Lot Size) / Leverage*
Example 5000 x 35.5 x 1.0 = $177500 / 200 = $887.50
*Leverage is 200:1 in this example
Silver moves in 0.01 increments with a pip value of $50 per 1.0 lot.
Silver pip values can be calculated by multiplying tick value, lot size and market movement (closing price - Open Price x 100)
In this example, the position (0.25 lot) was closed at 40.00 from a 39.50 open.
Market movement = (40.00-39.50) X 100 = 50 pips P&L Calculation 50 x 0.25 x 50 = $625
MetaTrader 4 Benefits
Trading Hours
  • Spot silver trades Sunday 23:00 GMT to Friday 22:00 GMT.
  • There is a daily 1 hour break from 22:00 GMT to 23:00 GMT.
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