FxPro provides an opportunity to trade CFDs on Silver.
First of all, Silver is affected by seasonality, trading activity growth, and downturns throughout the day. Also, Silver trading decisions should be taken based on data from the Economic Calendar: it makes sense to follow the USA statistics. As for the global trend, it still looks growing on the scale of weekly candles over thirty years.
Silver, in comparison with major currencies, sometimes has a negative correlation. During the downtrend of the main pairs, clients are used to trade Silver as well, expecting rises in price.
Note that, from time to time, the Australian dollar quotes have a positive correlation with Silver.
The popularity of Silver trading is growing along with the news of the microelectronics development: computers and mobile gadgets production, as well as the traditional use of this metal in the chemical industry.
It is important to follow the news of metal-mining companies and the global situation around USD. That will allow you to draw up a responsible trading plan.
Traders can often observe some kind of correlation between the growth of non-ferrous metals' prices and Silver during the economic boom, and a possible decrease in demand during the financial crisis.
The yuan regularly correlates with Silver quotes due to the superiority of China in the volume of its mining. The second place belongs to Australia; the continent has the largest proven reserves of this precious metal. Russia is in third place.
You can trade Silver on MT4, MT5, cTrader and FxPro Trading mobile platform (inside the FxPro Direct App).
Scroll through the chart above and discover actual Bid and Ask prices of CFD on Silver on the global market, as well as the historical performance and volatility of this asset. This information can be used to make informed trading decisions.
Silver trading with FxPro starts from simple registration. Just click the “Register” button at the top of this page and follow the prompts. Then, you will have an ability to fund your new account: several convenient online methods with 0% commissions are available.
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