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Trade Silver
Why Invest in Silver?
With the global economy in an unpredictable spot, it is no surprise that trading in precious metals has soared. Gold is on the cusp of all-time highs as traders flock to a more traditional safe haven as is common in times of economic uncertainty.
Not only gold though is seeing an uptick in demand. Silver trading, often seen as the second most popular precious metal to trade, has jumped to its own multi-year highs. With that in mind then, you may be wondering how to get in on the action? We have you covered with a full lowdown on how to get started trading silver, alongside everything you need to know about the world famous precious metal.
What Influences Silver Prices?
Unlike gold which remains largely unaffected by the usual movements of supply and demand, silver prices can fluctuate based on a number of factors. In this sense silver plays something of a dual role. Yes, it has similar characteristics in terms of being seen as a store of value, and a safe-haven investment to a certain extent, though its value can also be heavily influenced by the demand in the sectors which it used.
Currency Strength: Similar to the relationship you will see between major currency (USD), and gold, silver also has an inverse relationship with the Dollar. This means that when the Dollar is weak, silver prices tend to be higher. The opposite is also true that in times of a strong US Dollar, the price of silver tends to go down.
Fiscal policy: Here we can use fiscal policy as a catch all, not only for inflation and interest rates, but also for government policy on the purchase of silver bullion. All three things can do a lot to move the price of silver. It is a great hedge against rising inflation, while lower interest rates also tend to drive people to invest in silver and other commodities.
Practical Demand: The other side to silver is that it is very widely used in industry. This is particularly true in electrical appliances, medical devices, and circuitry. The demand within these sectors is also a key driver in the market prices if the precious metal.
Benefits of Silver Investments
There are several benefits to be derived from an investment in silver, particularly at the correct time. With the current economic situation pushing more and more people in to silver, it would seem that now could be the time to make that move.
Diversification of your portfolio is always a big plus. This is exactly what an investment in gold, silver, or other precious metals can offer. These can also work as a great hedge against changing conditions now or into the future.
Another positive point for silver is that, if you are interested in an investment in precious metals, silver offers one of the most accessible gateways in terms of price.
With sliver, you also have the dual uses referred to above. It can be both a store of value and also an in-demand industrial resource. This in itself also adds to the appeal if you are considering a move for silver.
Trade Silver
Explore our range of options that can fulfill any demands of both short-term and long-term investors. We did our best to bring you a powerful toolkit for your intraday or interday trading.
✔ $5,000 Minimum Investment
✔ up to 140% - Every 30 days
✔ 60 sec -- end of the month (Expiration time)