Silver Spread Betting Guide





Also see Live Silver chart below.



Where Can I Spread Bet on Silver?

You can speculate on silver with these spread trading companies:

Financial Spreads ETX Capital Spreadex IG City Index
Gold Daily Financial Spreads Gold Daily ETX Capital Gold Daily Spreadex Gold Daily IG Gold Daily City Index Gold Daily
Gold Futures Financial Spreads Gold Future ETX Capital Gold Future Spreadex Gold Future IG Gold Future City Index Gold Future
UK Crude Oil Daily (Brent) Financial Spreads UK Oil Daily (Brent) ETX Capital UK Oil Daily (Brent) Spreadex UK Oil Daily (Brent) IG UK Oil Daily (Brent) City Index UK Oil Daily (Brent)
UK Crude Oil Future (Brent) Financial Spreads UK Oil Future (Brent) ETX Capital UK Oil Future (Brent) Spreadex UK Oil Future (Brent) IG UK Oil Future (Brent) City Index UK Oil Future (Brent)
US Crude Oil Daily (WTI) Financial Spreads US Oil Daily (WTI) ETX Capital US Oil Daily (WTI) Spreadex US Oil Daily (WTI) IG US Oil Daily (WTI) City Index US Oil Daily (WTI)
US Crude Oil Future (WTI) Financial Spreads US Oil Future (WTI) ETX Capital US Oil Future (WTI) Spreadex US Oil Future (WTI) IG US Oil Future (WTI) City Index US Oil Future (WTI)
Other Commodities Financial Spreads Other Commodities ETX Capital Other Commodities Spreadex Other Commodities IG Other Commodities City Index Other Commodities
The above spread betting markets may also be available with other companies. Also see spread bets comparison notess.
The above trading example below is for a daily (spot) market but some firms also offer a near-term (monthly) futures market with a slightly wider spread.

At the moment, a number of the usual suspects offer the spot market with a 3pt spread and the futures market with a 4pt spread.

Unless you’re trading in-and-out of the market on the same day then the futures market might be slightly cheaper, yes, there’s a wider spread but you won’t incur the overnight financing fees of a rolling daily market (aka daily funded bet).



Live Silver Chart




Live Silver Chart




Where Can I Get Live Spread Betting Prices and Charts for Silver?

The chart shown above provides you with a valuable look at the market.

However, for investors that are financial spread betting on silver, the providers mentioned above have platforms with live price updates as well as advanced charting packages.

Example spread trading chart from FinancialSpreads:

Silver Spread Betting Guide - Example Chart



Silver Spread Betting Example

Silver Spread Betting Guide
If you are thinking about spread betting on a commodity market such as silver then, looking at a company like FinancialSpreads.com, at the time of writing you’d get a quote of $20.417 – $20.443.

This means you can bet on silver to go higher than $20.443 or to go lower than $20.417.

When placing a spread bet, you speculate on every unit the market goes up or down. With the silver market a unit is $0.010 of the metal’s price movement.

Let’s say you choose to trade £3 for every cent silver increases or decreases.


Spread Betting on the Market to Rise

If you were to buy silver at $20.443 and the metal increased then the spread might change to $20.750 – $20.776. If that happened, you might choose to close your bet for a profit by selling at $20.750.

P&L = (final price of the market – opening price of the market) x stake per cent
P&L = ($20.750 – $20.443) x £3 per cent stake
P&L = $0.307 x £3 per cent
P&L = £92.10 profit

Conversely, if the metal were to fall to, as an example, $20.106 – $20.132, you could choose to close your bet to prevent further losses. If that were to happen, you would sell back at $20.106.

So, with the same £3 per cent stake:

P&L = (final price of the market – opening price of the market) x stake per cent
P&L = ($20.106 – $20.443) x £3 per cent stake
P&L = -$0.337 x £3 per cent
P&L = -£101.10 loss


Spread Betting on the Market to Fall

A major benefit of financial spread betting is that investors can short the markets, i.e. bet that the markets will go down.

When we started this example, the market was priced at $20.417 – $20.443.

If you went short of silver at $20.417 and the metal went down then the quote might be re-priced at $20.039 – $20.065. If so, you could close your position for a profit by buying at $20.065.

P&L = (opening price of the market – final price of the market) x stake per cent
P&L = ($20.417 – $20.065) x £3 per cent stake
P&L = $0.352 x £3 per cent
P&L = £105.60 profit

Nevertheless, if the metal had increased to $20.778 – $20.804, you may want to close your trade to restrict your losses. In that case, you would buy the market at $20.804.

You would do this with the same £3 per cent stake:

P&L = (opening price of the market – final price of the market) x stake per cent
P&L = ($20.417 – $20.804) x £3 per cent stake
P&L = -$0.387 x £3 per cent
P&L = -£116.10 loss


Silver Rolling Daily prices accurate as of 3-Aug-16.

This is a Rolling Daily market. This kind of market does not have a preset settlement date and instead rolls over to the next session automatically. If it does rollover, then you may receive a small credit or incur a small financing cost. For more information see rolling daily charges.



Silver Test Accounts

So what if you want to try things out first? The following companies have free demo accounts. These accounts let you see how spread betting works on silver without taking on any risk.




User Questions and Answers on Silver

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