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How To Buy Silver On Plus500

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Plus500 is a leading brokerage firm in 2021 with excellent trading experience. It has a transparent fee structure and funding process. Plus500 is a top choice for traders looking to buy or sell silver.

Online trading has advantages and disadvantages. This article discusses how to buy or sell silver on Plus500.

Options For Buying And Selling Silver

Buying and selling silver is a top choice for investors with a Plus500 account. This broker offers access to many assets, including silver. Investors are able to buy/sell silver CFDs. The leading feature of silver CFDs at Plus500 Is that you are allowed to leverage it.

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

Silver CFD

A silver CFD is a financial contract that pays the differences in the established price between the opening and closing trades.  It is a top choice for traders who prefer investing in forex and commodities products.

Silver CFDs are available at Plus500. It comes with significant fees, as trading silver CFDs is influenced by spread, commission and the fee for holding a position overnight. Read our in-depth reviews to learn more about assets and Plus500 services.

Final Word

Plus500 is a top online broker which offers access to many assets. Investors are allowed to trade silver CFDs. Verify our in-depth reviews for additional information on assets, trading risks, and costs.

Plus500 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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