Silver Spread Betting
Indicative Silver prices from Finspreads:
Click on the tabs to see the various commodities, forex and stock market index prices.
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Where Can I Spread Bet on Silver? |
You are able to trade Silver through an account with a number of spread betting firms:
Silver Market Analysis and Trading News
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| 23-May-13 |
[5:00am] Silver is trading -$0.41 (-1.82%) lower at $22.06 ($/oz)
Update by 
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| 23-May-13 |
[4:14am] Silver posted a key reversal down on Wednesday. Stochastics and the RSI remain neutral-to-bullish signalling that sideways-to-higher prices are possible near-term. The low-range close sets the stage for a steady-to-lower opening on Thursday. If the Dow extends the rally off November's low into uncharted territory, upside targets will be hard to project. Closes below the 20 day moving average crossing would confirm that a short-term top has been posted.
Update by 
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This content is for information purposes only and is not intended as a recommendation to trade. Nothing on this website should be construed as investment advice.
Unless stated otherwise, the above time is based on when we receive the data (London time). All reasonable efforts have been made to present accurate information. The above is not meant to form an exhaustive guide. Neither CleanFinancial.com nor any contributing company/author accept any responsibility for any use that may be made of the above or for the correctness or accuracy of the information provided.
Advert:
Silver Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Silver with
Financial Spreads.
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Where Can I Find Live Spread Betting Prices and Charts for Silver? |
The CFD trading chart and prices below will give readers a helpful guide to the Silver market.
The chart above normally shows the near-term Silver futures market.
To check spread betting charts and live prices for Silver, you will generally need a spread betting account. Note that such accounts are normally dependent on credit, status and suitability checks.
Should your account application be approved then you will be able to log on and view the charts and the current pricing. Usually, these are provided as part of the service, however, you could receive the odd call or letter from your financial spread betting company.
If you decide to trade then you should remember that financial spread trading and CFDs involve a high level of risk and it is possible to incur losses that exceed your initial deposit.
Technical Charting Packages for Silver |
Whilst charts can differ from platform to platform, in order to aid your technical analysis, the majority of charts have useful features such as:
- An array of intervals - 2 minutes, 1 hour, 2 hours etc.
- Various displays - line charts and candle charts
- Tools for adding features - Fibonacci Fans, Time Zones and Arcs
- Technical indicators and overlays - Bollinger Bands, Relative Strength Index (RSI) etc.
Charts with Tradefair also come with advanced features such as:
- Back Testing and Optimisation tools
- Customised email alerts for when your chosen market reaches a pre-determined price
Sample Financial Spreads silver chart
The following spread betting firms give account holders live trading prices and charts:
Where Can I Spread Bet on Silver for Free? |
Investing in the markets involves a degree of risk. Having said that, if you'd like to open a Demo Account, where you can try out spread betting and use charts, then please see below.
When deciding which futures trading option might work for you, also remember that financial spread betting in the UK is exempt from capital gains tax, income tax and stamp duty*.
If you want a free financial spread betting website, keep in mind that investors can financial spread bet on Silver with no brokers' fees or commissions at:
If you want to have a look at a Practice Account / Demo Account where users can try out online spread betting on markets like Silver, then have a look at:
The above spread trading firms provide a free Test Account that lets investors practice with trading orders, try out new theories and analyse professional level charts.
How to Spread Bet on Silver? |
As with a range of financial markets, investors can place a spread bet on commodity markets, such as Silver, to either increase or decrease.
If we log on to a spread trading platform like InterTrader, we can see they are valuing the Silver December Futures market at $34.88 - $34.91. This means an investor could spread trade on Silver:
 Settling above $34.91, or
 Settling below $34.88
On the closing date for this 'December' market, 27-Nov-12.
When placing a spread bet on Silver you trade in £x per $0.01. Therefore, if you invest £4 per $0.01 and Silver moves $0.35 then that would alter your profits (or losses) by £140. £4 per $0.01 x $0.35 = £140.
Silver Futures Trading Example |
Now, if you think about the spread of $34.88 - $34.91 and make the assumptions that:
then you might choose to go long of the market at $34.91 for a stake of £2 per $0.01.
With such a spread bet you make a profit of £2 for every $0.01 that Silver moves higher than $34.91. Conversely, however, it also means that you will lose £2 for every $0.01 that the Silver market moves lower than $34.91.
Looked at another way, if you 'Buy' a spread bet then your profit/loss is found by taking the difference between the settlement price of the market and the initial price you bought the market at. You then multiply that difference in price by your stake.
Therefore, if, on the closing date, Silver finished at $35.59, then:
P&L = (Settlement Level - Initial Level) x stake
P&L = ($35.59 - $34.91) x £2 per $0.01
P&L = $0.68 x £2 per $0.01
P&L = £136 profit
Speculating on commodity markets doesn't always go to plan. In the above example, you wanted the futures market to rise. Nevertheless, the futures market could go down.
If Silver decreased, settling lower at $34.30, you would end up making a loss and losing money on this market.
P&L = (Settlement Level - Initial Level) x stake
P&L = ($34.30 - $34.91) x £2 per $0.01
P&L = -$0.61 x £2 per $0.01
P&L = -£122 loss
Note - Silver December Futures market quoted as of 18-Sep-12.
Silver Futures Trading Example 2 |
To help users new to trading the Silver Futures markets we have added a second trading example.
On 29-Nov-07 FinancialSpreads.com were quoting the Silver (March) spread at $14.51 - $14.54.
Therefore you could spread bet on Silver settling:
Above $14.54, or
Below $14.51
By the expiry date of 26-Feb-08 (the expiry date for this 'March' futures market).
Again, for the Silver market, you trade in £X per cent, where a cent is 1¢ of Silver price movement. For example if your stake was £10 per ¢ and the price of Silver moves 7¢ then that would be a £70 difference to your profit / loss.
Taking the above spread of $14.51 - $14.54, let's say you think the price of Silver will finish above $14.54 by 26-Feb-08.
Therefore you buy at $14.54 for a stake of, let's say, £5 per 1¢.
If the Silver market closes at $14.73 on the expiry date, then your profit/loss is worked out by taking the difference between the price at expiry, $14.73, and the buy price of $14.54 and then multiplying that by the stake per ¢.
Profits = ($14.73 - $14.54) x £5 per ¢ stake
Profits = $0.19 x £5 per ¢
Profits = 19¢ x £5 per ¢
Profits = £95 profit
Nevertheless if the market did not move as expected and had the price of Silver fallen and finished lower at $14.38, then you would have lost.
Loss = ($14.38 - $14.54) x £5 per ¢ stake
Loss = -$0.16 x £5 per ¢
Loss = -16¢ x £5 per ¢
Loss = -£80 loss
Note: Spread betting example price quoted: 29-Nov-07.
Advert:
Silver Spread Betting, sponsored by FinancialSpreads.com.
You can spread bet on Silver with
Financial Spreads.
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Risk Warning: Spread betting and CFD trading carry a high level of risk to your capital and you may lose more than your initial investment. Spread betting and CFD trading may not be suitable for all investors. Only speculate with money that you can afford to lose. Please ensure you fully understand the risks involved and seek independent financial advice where necessary.
'Silver Spread Betting' by DB, updated 23-May-13
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