Start silver trading online with Australia’s No.1 CFD provider.1
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEST) weekdays, or email newaccounts.au@ig.com.
Open a short-term position on silver using our exclusive undated market
Focus on long-term price trends with futures contracts
Get full market exposure for just a small initial deposit – known as margin
Keep your silver trading costs low with spreads from just two points*
Trade on silver with our leveraged products, or buy silver shares and ETFs
Protect your capital with guaranteed stops – they only incur a fee if triggered
Trade CFDs on the price of silver and silver-linked assets. Or invest in silver company shares or ETFs with our share trading service.
Silver CFD trading | Silver share trading | |
Markets to trade | Spot prices, futures, options contracts, shares and ETFs | Shares and ETFs |
Main benefits | Go long or short on silver prices. | Take ownership of shares in silver companies to gain voting rights and dividends if paid |
Traded in | Contracts | Shares |
Commission | Share CFDs are subject to commission. All other markets are charged via the spread | Invest in Aussie, US and UK shares commission-free (0.7% FX fee applies to international trades)4 |
Platforms | Web, mobile app and advanced platforms | Web and mobile app |
Learn more | Learn more |
Speculate on the price of silver online via futures, spot prices, options, shares and ETFs. Trade via CFDs, and you won’t have to worry about taking ownership or delivery of the precious metal.
Silver trading is popular due to its association with global currencies – in fact, in over 14 languages the words for silver and money are the exactly the same.
Despite not being as rare or as valuable as gold, there are a few benefits that make silver an attractive market in its own right. For example:
Your trading plan will determine all of the decisions you make, such as:
Trading silver’s underlying price is just one way of getting exposure to the market. You can also consider other means such as shares in silver companies or exchange-traded funds (ETFs).
Silver stocks are the companies involved at all stages of the silver supply chain – mining, extraction, refining, production and distribution. Stocks tend to be more liquid and less volatile than silver itself, which can be more appealing if you’re interested in longer-term growth. If you invested in stocks, you’d also get shareholders rights and dividends if they were paid.
Discover the top silver stocks in 2020
Silver ETFs are buckets of assets that give you exposure to the silver market. This can include the underlying precious metal itself, or a number of silver stocks. For example, the Global X Silver Miners ETF (SIL), invests in silver mining companies around the world.
Technical and fundamental analysis are the cornerstones of any good trading strategy. The two methods will help you determine the best levels to open and close your positions at in order to maximise profits and minimise losses.
Learn more about technical and fundamental analysis
Founded in 1974 as the first company of its kind. We’re ASIC-regulated and trusted by 320,000+ clients with the security of their money.
IG Australia is part of IG Group Holdings PLC, which is a member of the FTSE 250.
Seize your opportunity in seconds and take full control over each of your trades with our easy-to-use platform and apps.
We have a dedicated team on hand to support you, and you can also benefit from knowledge-sharing with IG Community and IG Academy.
The spread is our charge for executing your trade. It’s the difference between the buy and sell price, which we wrap around the underlying silver price.
Spread for futures | Spread for undated markets | |
Spot silver (5000OZ) |
3 |
2 |
Alternative silver markets | Spread |
Daily silver options | 0.8-1.6 |
Polymetal International stock | 0.253 |
Fresnillo stock | 0.153 |
Global X Silver Miners ETF | 0.153 |
The spread will vary depending on whether you trade futures or our undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades.
If you choose to trade silver stocks and ETFs via CFDs or invest with a share trading account, you’ll be charged a commission instead of a spread.
CFDs are leveraged, which means you can gain full exposure for a small deposit known as margin. This isn’t an additional cost to you, but it can make a big difference to the affordability of your trade.
It’s important to remember that leverage will magnify both profits and losses.
Market | Retail | Pro |
Spot silver (5000OZ) | 10% | 1.60% |
Fresnillo stock | 20% | 8% |
Global X Silver Miners ETF | 20% | 8% |
If you decide to trade silver options, the margin for 'buying' an option is the opening price (or premium) multiplied by the size of the trade. The margin for 'selling' an option is the same as the margin incurred when trading the underlying futures market.
It's free to open an account, and there's no obligation to fund or trade.
It's free to open an account, and there's no obligation to fund or trade.
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1 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends November 2024 Leveraged Trading Report.
2 Best Finance App, Best Multi-Platform Provider, Best Platform for the Active Trader and Best Online Stockbroker as awarded at the ADVFN International Financial Awards 2025.
3 Our spread for a particular share or ETF is calculated as a percentage of the current price – they are subject to variation, especially in volatile market conditions. Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.
4 $0 commission applies to clients who trade on the IG share trading account and opt for the default setting of ‘instant currency conversion’. Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $10 on US stocks and, for European markets, we charge £10 / €10 per trade or 0.1%, whichever is higher. Other fees and charges may apply, please see our share trading cost and charges page.
* Other fees and charges may apply.