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How To Buy/Sell Silver On eToro

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eToro is the leading social trading broker in 2021. 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.

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 considerLiquidity 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.

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 CFDTicker of the underlying asset, e.g. XAGUSD, SLV
Further things to considerSilver 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.

eToro compared to other brokers:


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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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.

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