Top Picks

Silver trading brokers refer to brokerage firms that provide their clients the opportunity to trade silver as a commodity through online trading platforms.

Silver can be traded in several forms: physical silver, silver futures contracts, silver options, exchange-traded funds (ETFs) that track the price of silver, and stocks of companies involved in silver mining or processing.

In order to rank the best brokers to trade silver, we have taken into consideration the following factors:

  • The availability of tradable silver instruments;
  • Commissions charged by the broker on silver;
  • The different ways of speculation or investment offered for silver;
  • The minimum contract size on silver assets;
  • The regulation of the brokers.
Table of Content

Round-up

SILVER brokers TRADED AS MINIMUM CONTRACT SIZE XAG/USD SPREAD MINI-SILVER CONTRACTS
HF Markets Spot 10 oz 0.030 pips No
IG Markets Spot, Futures, Options 500 oz 0.020 pips No
eToro Spot 1000 USD 0.050 pips No
Admirals Spot 50 oz 0.010 pips No
Forex.com Spot 25 oz 0.026 pips No
AvaTrade Spot 100 oz 0.029 pips No
City Index Spot, Futures N/A 0.020 pips Yes
CMC Markets Spot, Futures 30 oz 0.030 pips No
FBS Spot 50 oz 0.011 pips No
Plus500 Spot 20 oz 0.020 pips No

Warning

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.

What are the best silver trading brokers?

Below our curated list of the best brokers and platforms for trading silver, with details of features and characteristics.

  • With HF Markets you can trade Silver derivatives with MT4 or MT5.
  • Spreads on silver are slightly lower when trading it against the USD (0.030 pips), rather than the EUR (0.038 pips).
  • The size of 1 lot is 1000 ounces, while the minimum contract size is 0.01 lots or 10 ounces.
  • For high volume traders, the maximum contract size is 60 lots, while for beginners there’s the Micro account where the maximum allowed is 7 lots.
70.51% of retail investor accounts lose money
  • IG markets allows traders to speculate on silver (spot) in different ways, such as Turbo24 Contracts, Spread Betting, Options trading, and CFD trading.
  • One Silver contract with IG is 5000 ounces, and the minimum contract size is 500 ounces.
  • Silver is traded on MT4, and charges different commissions depending on the way it is traded.
  • On Silver CFDs spreads start from 0.020 pips. On options trading, barrier or vanilla, the commission is 0.10 USD per contract.
  • When trading silver Turbo24 contracts, you will be charged no commissions when the transaction volume is above 100 USD.
  • The maximum leverage available is 1:50 for international traders, while in Europe, UK and Australia it will be 1:10.
70% of retail CFD accounts lose money
  • With eToro everyone, from experts to new traders, can interact and share with each other information about the silver market.
  • Additionally, the broker offers a live news feed for silver market as well.
  • eToro allows traders to speculate with CFDs on Silver against the USD.
  • XAG/USD spreads eToro are slightly higher than its competitors at 0.050 pips.
  • You can open positions on silver from 1000 USD. This amount can be lowered down to 100 USD depending on the leverage chosen to open the position.
  • The maximum leverage available with eToro to trade silver is 1:10.
77% of retail investor accounts lose money
  • Admirals has a cashback program for high-volume traders, which can also be activated when trading Silver on their MT4 and MT5 platforms.
  • One contract is worth 5000 ounces with Admirals, however low-volume traders can still open positions from 50 ounces (or 0.01 lots). Those who want to open large positions, should keep in mind that the maximum tradable amount is 25 contracts.
  • Commissions on silver are quite low starting from 0.010 pips. Depending on the account chosen, a commission of up to 3 USD round-turn may be applied.
  • While the maximum leverage available for many regions is 1:10, international traders can trade with leverages up to 1:100.
76% of retail investor accounts lose money
  • Forex.com charges spreads on spot XAG/USD from 0.026 pips.
  • The broker manages to keep their service for both new and experienced silver traders and investors, since the minimum trading size is only 25 ounces.
  • Silver is offered on their own trading platform, which is available on both webtrader and mobile devices.
  • It’s also possible to connect your trading account with Tradingview, for an improved charting analysis service.
73% of retail investor accounts lose money
  • One of the main advantages of AvaTrade is their large pool of trading platforms available to trade Silver. These are MT4, MT5, an award-winning mobile platform, and a dedicated platform for vanilla options (AvaOptions).
  • On silver they charge fixed spreads from 0.029 pips, but for professional traders this fee is lowered to 0.023 and they can additionally use leverages up to 1:50.
  • The minimum trade size on silver is not one of the lowest, but being at 100 ounces is quite competitive.
  • For UK traders, Spread betting is also available.
79% of retail investor accounts lose money
  • City Index is a very flexible broker to trade Silver. You can trade it as CFDs, Futures and Spread betting if you reside in the UK.
  • The broker makes mini-contracts available on silver as well for all those traders who want to open low-volume positions.
  • Spreads are quite competitive as well, starting from 0.020 pips on spot CFD (both standard and mini-silver contracts), and slightly higher at 0.025 for silver futures.
  • Spread betting fees follow those of CFDs and Futures, but no mini-contracts are available in this case.
75% of retail CFD accounts lose money
  • CMC Markets charges spreads from 0.025 pips on CFD spot XAG/USD.
  • If you use their CMC NextGeneration Platform, you will be able to trade silver futures.
  • Silver futures spreads start from 0.030 pips.
  • The minimum trade size with CMC is quite low at 30 ounces. High-volume traders can buy silver up to 120000 units per order.
  • The broker offers Guaranteed Stop Loss on silver for a fee of only 0.02 USD per unit traded.
78% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider.
  • FBS not only allows CFD spot trading on silver. In fact, for those who are interested in cryptos, FBS allows traders to trade silver against Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • The spreads charged on silver are quite tight starting from 0.011 pips depending on the trading account chosen.
  • One lot size on silver with FBS is 5000 ounces.
  • Silver is tradable not only with MT4 and MT5, but also through their proprietary mobile platform FBS trader.
  • While European traders can open positions with maximum 1:10 leverage, International traders can increase this value up to 1:333.
74-89% of retail CFD accounts lose money
  • Plus500 is known for their quality CFD trading service, which is offered through their own trading platform.
  • Plus500 makes silver trading available from only 20 ounces per contract.
  • Spreads are dynamic and constantly change, but traders can generally trade XAG/USD from 0.020 pips.
  • Even though Plus500 makes call-put options trading available, these are not offered through silver assets.
77% of retail investor accounts lose money

What are the differences between silver and gold trading?

Trading silver and gold, two of the most renowned precious metals, have their own unique features. Here’s a comprehensive comparison:

  • Volatility and Market Size: Silver tends to be more volatile than gold because of its smaller market, reduced liquidity, and its heightened sensitivity to both economic and industrial changes. In contrast, the gold market dwarfs that of silver, boasting a larger audience due to its widespread popularity and myriad of industrial applications.
  • Cost of Trading: Since silver is generally cheaper than gold, it provides an accessible entry point for small retail traders.
  • Historical Significance: Historically, gold has been a symbol of wealth and power, serving as a crucial form of currency in various civilizations. Silver, while also valued, was typically used for its reflective properties, making it a prime material for jewelry, coins, and even certain medicines.
  • Economic Significance: On the economic front, gold’s status as a “safe-haven” asset means investors often turn to it during times of economic unrest. Silver, meanwhile, sees its price fluctuating based on demands from fields like electronics, photography, medicine, and the emerging renewable energy sector.

How to choose a silver trading broker

When considering a silver trading broker, keep these crucial factors in mind:

  1. Regulation: Different countries have their own regulatory bodies governing silver trading brokers. For instance, the USA has the CFTC, the UK boasts the FCA, while Australia relies on ASIC. Always ensure your chosen broker is regulated by a reputable entity.
  2. Spread: Opt for a broker that offers a low spread, making trading more cost-effective. For instance, a 0.025 pips average price for silver trading is quite competitive.
  3. Instruments Availability: It’s essential that the broker provides the silver derivatives or instruments you’re interested in. Check if they cater to your specific requirements when it comes to silver trading.

Which are the instruments to trade silver?

Various instruments exist for those keen on silver trading:

  • Silver Spot Market: This is ideal for those looking to trade physical silver at the current price.
  • Silver Futures Market: Here, traders deal with contracts that represent future silver prices.
  • Silver CFD Market: For speculating on whether silver prices will rise or fall. This is typically based on the silver spot market.
  • Silver Options Market: This provides traders with the option to buy or don’t buy silver at a specified date. It’s usually anchored on the silver futures market.

What are the best resources for silver traders?

For those interested in silver trading, having the right resources at your fingertips can make all the difference in staying informed and making strategic decisions. Below are some of the most recommended resources:

  • News and Analysis Websites: News and analysis from renowned platforms like Bloomberg and investing.com are invaluable for real-time data and comprehensive insights into the silver market.
  • Economic Calendars: These tools offer insights on upcoming economic events that might influence silver prices.
  • Training & Courses: Platforms such as Coursera, Udemy, or niche trading education websites provide valuable knowledge in trading silver.
  • Books: Literature like “Precious Metals Investing For Dummies” can provide a foundational understanding of the silver market.

Is silver trading profitable?

Silver trading can be profitable, but the results depend on the trader’s skills and knowledge of the silver market.

Success in silver trading hinges on:

  • Strategy & Risk Management: It’s pivotal to have a thoroughly researched trading strategy complemented by robust risk management techniques.
  • Historical Performance: Assessing the historical performance of silver as an investment can provide valuable insights.
  • Market Factors: Factors such as market timing, geopolitical events, and shifts in industrial demand can substantially influence profitability.

Is silver trading safe?

Trading silver can be risky since in investing and trading there is never an absence of risk. However, traders can diversify to spread risk and hedge to protect against potential losses.

Stick to reputable brokers to ensure adherence to best trading practices, adding a layer of safety.

What influences the silver market?

Several factors influence the silver market:

  • Dual Role: Silver’s unique position as both an investment and industrial metal shapes its demand.
  • Global Economic Conditions: Industries that heavily rely on silver can impact its price based on their performance.

Other Influences: Mining costs, geopolitical events, decisions by central banks, and the general sentiment among investors can all sway the silver market in various directions.


filippo ucchino

About The Author

Filippo Ucchino
Co-Founder - CEO - Broker Expert
Filippo is the co-founder and CEO of InvestinGoal.com. He has 15 years of experience in the financial sector and forex in particular. He started his career as a forex trader in 2005 and then became interested in the whole fintech and crypto sector.
Over this time, he has developed an almost scientific approach to the analysis of brokers, their services, and offerings. In addition, he is an expert in Compliance and Security Policies for consumers protection in this sector.
With InvestinGoal, Filippo’s goal is to bring as much clarity as possible to help users navigate the world of online trading, forex, and cryptocurrencies.

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk. The present page is intended for teaching purposes only. It shall not be intended as operational advice for investments, nor as an invitation to public savings raising. Any real or simulated result shall represent no warranty as to possible future performances. The speculative activity in forex market, as well as in other markets, implies considerable economic risks; anyone who carries out speculative activity does it on its own responsibility.
ADVERTISER DISCLOSURE: InvestinGoal is completely free to use for all. Though we may receive a commission from brokers we feature, this does not impact the results of our reviews or rankings which are conducted with complete independence and objectivity, following our own impartial methodology. Help us continue to provide the best free broker reviews by opening your account with our links. Please read our Advertiser Disclosure to learn more.
2FC Financial Srl
Via Filippo Argelati, 10,
Milan, Italy
20143

VAT No. IT10004450960
Copyright © 2023 InvestinGoal.com – All rights reserved. / Privacy and Cookie Policy / Basic Terms of Use / Risk Warning / Sitemap