Page Summary
eToro is the leading social trading broker. It offers an excellent online trading experience with premium platforms and tools. It has top-tier licenses from the ASIC and FCA. eToro is a top choice for traders looking to buy and sell silver.
Online trading has advantages and disadvantages. This article discusses how to buy/sell silver on eToro.
Options For Buying And Selling Silver
An eToro account offers access to many trading assets, including silver. Silver is a top choice at eToro, being available in the form of silver ETF and CFD.
Silver ETF
A silver ETF represents an exchange-traded fund that focuses on silver investments. An ETF represents a set of securities that track an underlying index. ETFs function similarly to mutual funds, but they charge lower fees and provide better returns.
Silver ETFs refer to either physical silver or companies connected to silver. The downside is that traders aren’t allowed to leverage or go short without a margin account.
Silver ETF
| Can you use leverage or go short? | No, unless you use a margin account |
| What can be the important costs? | Commission Custody fee Spread Fees charged by ETF issuers (e.g. expense ratio) |
| Ticker(s) of silver ETFs* | SLV, SIVR, SIL. AGQ |
| Further things to consider | Liquidity is usually high Wide range of silver ETFs available |
Silver CFD
A silver CFD represents a financial contract that pays the differences in the established price between the opening and closing trades. It is either a silver ETF or silver forex.
The leverage on ETF CFDs is 1:5, while on XAGUSD, CFD is 1:10. Traders are allowed to diminish their risks by using stop-loss in their orders.
Silver CFD
| Can you use leverage/go short? | Yes |
| What can be the important costs? | Spread Commission Swap (cost for holding a position overnight) |
| Ticker(s) of silver CFD | Ticker of the underlying asset, e.g. XAGUSD, SLV |
| Further things to consider | Silver spot forex CFD market is open 24 hours a day, except weekends |
Final Verdict
Silver ETFs and silver CFDs are the main instruments available at eToro for investing in silver. Each comes with different advantages, depending on your trading style and experience. Check our in-depth reviews to learn more about eToro’s asset portfolio.
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Disclaimer
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.
Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.