Why trade silver with us?
Trade silver spot prices
Open a short-term position on silver using our exclusive undated market
Speculate on silver futures
Focus on long-term price trends with futures contracts
Take your capital further
Get full market exposure for just a small initial deposit – known as margin
Get the best silver prices
Keep your silver trading costs low with spreads from just two points
Discover your route to silver markets
Deal on silver with our leveraged products, or buy silver shares and ETFs
Manage your silver risk
Protect your capital with guaranteed stops – they only incur a fee if triggered
Ways to trade silver with us
Spread bet or trade CFDs on the price of oil and oil-linked assets. Or invest in oil company shares or ETFs with our share dealing service.
|Silver spread betting||Silver CFD trading||Silver share dealing|
|Markets to trade||Spot prices, futures, options contracts, shares and ETFs||Spot prices, futures, options contracts, shares and ETFs||Shares and ETFs|
|Main benefits||Go long or short on silver prices. Profits are tax-free in the UK2||Go long or short on silver prices. Tax-deductible losses are useful for hedging2||Take ownership of shares in silver companies to gain voting rights and dividends if paid|
|Traded in||£ per point||Contracts||Shares|
|Tax status||No capital gains tax (CGT) or stamp duty2||No stamp duty, but you do pay CGT. Losses can be offset as a tax deduction2||Subject to stamp duty and CGT. Trade via a stocks and shares ISA or SIPP for tax-free profits2|
|Commission||Charged via the spread||Share CFDs are subject to commission. All other markets are charged via the spread||Variable commission. Invest in US shares from £0, or UK shares from just £33|
|Platforms||Web, mobile app and advanced platforms||Web, mobile app and advanced platforms||Web and mobile app|
|Learn more||Learn more||Learn more|
What is silver trading?
Speculate on the price of silver online via futures, spot prices, options, shares and ETFs. Trade via spread bets or CFDs, and you won’t have to worry about taking ownership or delivery of the precious metal.
Silver live price
Why is silver trading popular?
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:
- It has a lower cost of entry than other precious metals – an ounce of silver typically costs 40-80 times less than an ounce of gold
- It’s considered a ‘safe haven’ investment in times of economic uncertainty
- It has a wide variety of industrial applications – such as in building and medicine – which creates steady demand
- It’s relatively volatile for a precious metal, so there’s the potential for larger returns
Three top tips for trading silver
Outline your trading plan
Your trading plan will determine all of the decisions you make, such as:
- Whether to trade or invest in silver
- Which market to focus on
- How much capital you use per trade
- What risk management tools you use
- How much time you want to spend monitoring markets You should always outline your trading plan before you start, so that you’ll be less inclined to make decisions emotionally or due to herd mentality.
Consider silver miners or silver 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.
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.
Perform your own analysis
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.
Trade silver on the UK’s best trading platform4
Trade silver on the UK’s best trading platform4
Fast execution on a huge range of markets
Enjoy flexible access to more than 17,000 global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With 45 years of experience, we’re proud to offer a truly market-leading service
Silver costs and details
- Spreads for silver
- Margin for silver
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)
|Alternative silver markets||Spread|
|Daily silver options||0.8-1.6|
|Polymetal International stock||0.255|
|Global X Silver Miners ETF||0.155|
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 dealing account, you’ll be charged a commission instead of a spread.
Spread bets and CFDs are both 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.
|Spot silver (5000OZ)||10%||1.80%|
|Polymetal International stock||20%||18%|
|Global X Silver Miners ETF||20%||9%|
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 bet. The margin for 'selling' an option is the same as the margin incurred when trading the underlying futures market.
Get the latest silver news
1 Based on revenue excluding FX (published financial statements, June 2020)
2 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
3 Deal three or more times in the previous month to qualify for our best commission rate.
4 As awarded at the ADVFN International Financial Awards 2020 and Professional Trader Awards 2019.
5 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.