CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Silver trading

Start silver trading online with the world's No.1 CFD provider.1

Call 010 344 0051 or email helpdesk.za@ig.com to talk about opening a trading account. We're here 24 hours a day from 9am Saturday to 11pm Friday.

Contact us: 010 344 0053

Call 010 344 0051 or email helpdesk.za@ig.com to talk about opening a trading account. We're here 24 hours a day from 9am Saturday to 11pm Friday.

Contact us: 010 344 0053

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

Silver CFD trading
Markets to trade Spot prices, futures, options contracts, shares and ETFs
Main benefits Go long or short on silver prices. Tax-deductible losses are useful for hedging2
Traded in Contracts
Commission Share CFDs are subject to commission. All other markets are charged via the spread
Platforms Web, mobile app and advanced platforms
Learn more

What is silver trading?

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.

How to trade silver online?

  1. Open a silver trading account
  2. Find an opportunity
  3. Take your first position
  4. Monitor and close your trade

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

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.

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.

Learn more about technical and fundamental analysis

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)

3

2

Alternative silver markets Spread
Daily silver options 0.8-1.6
Polymetal International stock 0.255
Fresnillo stock 0.155
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 you’ll be charged a commission instead of a spread.

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.

Market Retail Professional
Spot silver (5000OZ) 10% 1.80%
Polymetal International stock 20% 18%
Fresnillo stock 20% 9%
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.

Open your account

It's free to open an account, and there's no obligation to fund or trade.

Open your account

It's free to open an account, and there's no obligation to fund or trade.

Start trading today

Create a commodities trading account now.

Start trading today

Create a commodities trading account now.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Start trading now

Log in to your account now to access today’s opportunity in a huge range of markets.

Get the latest silver news

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1 Based on revenue excluding FX (published financial statements, October 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.