RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.9% 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. Please click here to read full Risk Disclosure.
Silver
Get direct access to the spot metals market and trade Silver through the world’s most popular online platform – MetaTrader 4 or using any of our trade on-the-go mobile systems.
Why trade silver1
Whether you are a new or experienced trader, you will enhance your trading portfolio by investing in this alternative tool.
With FXCC’s flexible trading conditions, you have access to custom trade sizes which allow you to build your way to profit, under your own terms. Be it a small trade size with a low margin requirement or a high volume, we are ready to deliver on your needs.
Open a practice account today and take advantage of our state of the art platforms and enhanced trading tools.
Key advantages with Spot Silver:1
- Low trade size.
- No re-quotes.
- STP technology.
- Hedging and EAs allowed.
- Fast execution.
- Advanced charting tools.
Contract Specifications
| Description | Spot Silver | |
| Symbol on Platform | XAGUSD. | |
| Digits | 2 | |
| Margin Percentage | 10 | |
| Tick size | 0.01 | |
| 1 Lot size | 5000 Oz. | |
| Tick value of 1 lot | $50.0 | |
| Minimum trade size | 0.01 lots | |
| Minimum size increment | 0.01 lots | |
| Minimum limit & stop level | 0.1 pips | |
| Execution mode | Market | |
| Spread1 | Variable | |
| Swaps | Available here | |
| Commission2 | $15.0 per lot | |
| Margin requirement | Trade size (lots) x contract size x market price x percentage / 100 | |
| Daily Working hours3 | 01:00-24:00 Monday - Thursday 01:00-23:45 Friday |
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1 Click here for General Risk Disclosure.
2 To learn more about Commission, visit the Trading Condition by clicking here.
3 Server time is adjusted according to Cyprus local time. During the Day Light Saving Time our operation and server time are adjusted according to the New York time (EST).
Silver trade example
Long position
Open Price = 22.00
Closing Price = 22.50
Trade size = 1 lot (5000 ounces)
Required Margin to open 1 lot (5000 ounces) of Silver = 1 x 5000 x 22.00 x 10/100 =$11,000.00
Profit/Loss Calculation
The Buy position (1 lot) was closed (sold) at 22.50 from a 22.00 open.
Market movement = 22.50-22.00 = 50 ticks.
P&L Calculation = $50 x 50 = $2500
With your account being setup, you have access to a wide range of valuable information about the forces affecting the Silver market price, via our Trading Blog.
