Three top tips for trading silver
1. Decide between day trading and investing
There are lots of different ways to speculate on silver’s price movement – to help you choose which is right for you, decide whether you want to invest in silver over the long term or take advantage of short-term price movements.
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2. Make full use of technical charts
However long you plan on holding silver for, choosing the best level to open and close your positions can help maximise profits and minimise losses. Using IG’s continuous silver charts, you can backtest your technical strategy over years of price action.
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3. Consider silver ETFs or silver miners
As well as trading movements in the precious metal’s price, you may want to consider exposure via other means, like silver exchange-traded funds (ETFs), or shares in mining companies that specialise in silver.*
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