Silver Spread Betting
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Welcome to Clean Financial's guide to Silver spread betting.
Quick and simple answers to common Silver questions:
Q) Where can I Spread Bet on Silver?
Q) Where can I Trade for Free on Silver?
Q) How to Spread Bet on Silver?
Q) Where can I find Free Live Prices on Silver?
Q) Where can I find Free Silver Charts?
Advert:
Silver Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Silver with
Financial Spreads.
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Where can I Spread Bet on Silver?
You can spread bet on Silver and a range of other commodities at:
Where can I Trade for Free on the Silver?
It depends upon what you mean by free. If you're looking for a free Demo Account where you can practice spread trading see below.
Tax Free. If you are looking for a free spread betting platform then don't forget that in the UK spread betting is tax free*
You can also spread bet on Silver and other commodities commission free and with no brokers fees at:
Free Demo Account
If you're looking for a free Demo Account / Test Account where you can trial spread betting, including commodities such as like Silver, then you can you can always try:
Each of the above currently offers a free demo account.
How to Spread Trade Silver?
As with many financial markets, you can spread bet on the future price of commodities, like Silver, rising or falling
Currently the Silver (March) spread is $14.51 - $14.54 with FinancialSpreads.com.
Therefore you can 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).
For the Silver market, you trade in £X per cent, where a cent is 1 cent Silver price movement. For example if your stake was £10 per cent and the price of Silver moves 7 cents then that would be a £70 difference to your profit / loss.
Silver Spread Betting Example
Eg, let's say taking the above spread of $14.51 - $14.54 that, after your market analysis, you feel that 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 cent.
So if, at the expiry date the Silver market closes at $14.73, 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 cent.
Profits = (($14.73 - $14.54) / 0.01) x £5 per cent stake.
= ($0.19 / 0.01) x £5 per cent.
= 19 cents x £5 per cent.
= £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) / 0.01) x £5 per cent stake.
= (-$0.16 / 0.01) x £5 per cent.
= -16 cents x £5 per cent.
= -£80 loss.
Where can I Find Free Live Prices on Silver?
If you want to access quick live market information then you could do worse than opening an account with a firm like Financial Spreads.
Also, you don't have to trade with them, if you just open an account (which is free to do) then their data is free. The catch? You'll get the odd email or letter from them. In the example below you can also see that their free charts are also useful.
There are also live prices available at:
Where can I Find Free Silver Charts?
As mentioned above, you can get free charts with spread betting companies like Financial Spreads.
You can alter the charts to see market data by the minute, by the hour, by the week etc, plus many other settings to help you analyse the charts.
As you can see the charts show how the market's are not perfect and how you can expect the prices to "gap".
FinancialSpreads.com also have another pretty handy tool in their free Demo account (mentioned above). You can open a Demo account and place demo trades whilst you practice with no risk or cost attached.
The Silver chart below is not showing errors but is showing a good example of how markets ‘gap’. This tends to happen with less popular markets like Silver Futures.
Advert:
Silver Spread Betting, sponsored by
FinancialSpreads.com.
You can spread bet on Silver with
Financial Spreads.
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Note: Spread betting example prices quoted: 29-Nov-07.
Risk Warning: Spread betting carries a high level of risk to your capital. You may lose more than your initial investment. It 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 31-Jan-12
For related pages also see:
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