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Silver trading
Start silver trading online with Australia’s No.1 CFD provider.1
Start trading today. For account opening enquiries call 1800 601 799 between 9am and 6pm (AEDT) weekdays, or email newaccounts.au@ig.com.
Why trade silver with us?
Trade silver spot prices
Open a short-term position on silver using our exclusive undated market
Speculate on silver futures
Focus on long-term price trends with futures contracts
Take your capital further
Get full market exposure for just a small initial deposit – known as margin
Get the best silver prices
Keep your silver trading costs low with spreads from just two points*
Discover your route to silver markets
Trade on silver with our leveraged products, or buy silver shares and ETFs
Manage your silver risk
Protect your capital with guaranteed stops – they only incur a fee if triggered
Ways to trade silver with us
Trade CFDs on the price of silver and silver-linked assets. Or invest in silver company shares or ETFs with our share trading service.
| Silver CFD trading | Silver share trading | |
| Markets to trade | Spot prices, futures, options contracts, shares and ETFs | Shares and ETFs |
| Main benefits | Go long or short on silver prices. | Take ownership of shares in silver companies to gain voting rights and dividends if paid |
| Traded in | Contracts | Shares |
| Commission | Share CFDs are subject to commission. All other markets are charged via the spread | Invest in US and UK shares commission-free (0.7% FX fee applies), or Australian shares from just A$52 |
| Platforms | Web, mobile app and advanced platforms | Web and mobile app |
| Learn more | Learn more |
What is silver trading?
Speculate on the price of silver online via futures, spot prices, options, shares and ETFs. Trade via CFDs, and you won’t have to worry about taking ownership or delivery of the precious metal.
How to trade silver online in Australia?
- Open a CFD account
- Find an opportunity
- Take your first position
- Monitor and close your trade
Silver CFD live price
Why is silver trading popular?
Silver trading is popular due to its association with global currencies – in fact, in over 14 languages the words for silver and money are the exactly the same.
Despite not being as rare or as valuable as gold, there are a few benefits that make silver an attractive market in its own right. For example:
- It has a lower cost of entry than other precious metals – an ounce of silver typically costs 40-80 times less than an ounce of gold
- It’s considered a ‘safe haven’ investment in times of economic uncertainty
- It has a wide variety of industrial applications – such as in building and medicine – which creates steady demand
- It’s relatively volatile for a precious metal, so there’s the potential for larger returns
Three top tips for trading silver
Outline your trading plan
Your trading plan will determine all of the decisions you make, such as:
- Whether to trade or invest in silver
- Which market to focus on
- How much capital you use per trade
- What risk management tools you use
- How much time you want to spend monitoring markets
- You should always outline your trading plan before you start, so that you’ll be less inclined to make decisions emotionally or due to herd mentality
Consider silver miners or silver ETFs
Trading silver’s underlying price is just one way of getting exposure to the market. You can also consider other means such as shares in silver companies or exchange-traded funds (ETFs).
Silver stocks are the companies involved at all stages of the silver supply chain – mining, extraction, refining, production and distribution. Stocks tend to be more liquid and less volatile than silver itself, which can be more appealing if you’re interested in longer-term growth. If you invested in stocks, you’d also get shareholders rights and dividends if they were paid.
Discover the top silver stocks in 2020
Silver ETFs are buckets of assets that give you exposure to the silver market. This can include the underlying precious metal itself, or a number of silver stocks. For example, the Global X Silver Miners ETF (SIL), invests in silver mining companies around the world.
Perform your own analysis
Technical and fundamental analysis are the cornerstones of any good trading strategy. The two methods will help you determine the best levels to open and close your positions at in order to maximise profits and minimise losses.
Learn more about technical and fundamental analysis
Trade silver on Australia’s best trading platform3
Trade silver on Australia’s best trading platform3
Ahead of the curve
Founded in 1974 as the first company of its kind. We’re ASIC-regulated and trusted by 320,000+ clients with the security of their money.
IG Australia is part of IG Group Holdings PLC, which is a member of the FTSE 250.
Fast, efficient online platforms
Seize your opportunity in seconds and take full control over each of your trades with our easy-to-use platform and apps.
Award-winning service
We have a dedicated team on hand to support you, and you can also benefit from knowledge-sharing with IG Community and IG Academy.
Silver costs and details
- Spreads for silver
- Margin for silver
The spread is our charge for executing your trade. It’s the difference between the buy and sell price, which we wrap around the underlying silver price.
| Spread for futures | Spread for undated markets | |
Spot silver (5000OZ) |
3 |
2 |
| Alternative silver markets | Spread |
| Daily silver options | 0.8-1.6 |
| Polymetal International stock | 0.254 |
| Fresnillo stock | 0.154 |
| Global X Silver Miners ETF | 0.154 |
The spread will vary depending on whether you trade futures or our undated contracts. Futures have a wider spread, but no overnight funding charges – so are more cost-effective for longer-term trades.
If you choose to trade silver stocks and ETFs via CFDs or invest with a share trading account, you’ll be charged a commission instead of a spread.
CFDs are leveraged, which means you can gain full exposure for a small deposit known as margin. This isn’t an additional cost to you, but it can make a big difference to the affordability of your trade.
It’s important to remember that leverage will magnify both profits and losses.
| Market | Retail | Pro |
| Spot silver (5000OZ) | 10% | 1.60% |
| Fresnillo stock | 20% | 8% |
| Global X Silver Miners ETF | 20% | 8% |
If you decide to trade silver options, the margin for 'buying' an option is the opening price (or premium) multiplied by the size of the bet. The margin for 'selling' an option is the same as the margin incurred when trading the underlying futures market.
Open your account
It's free to open an account, and there's no obligation to fund or trade.
Open your account
It's free to open an account, and there's no obligation to fund or trade.
Start trading today
Create a commodities trading account now.
Get the latest silver news
-
Brent crude oil price probes resistance while silver, aluminium prices come off Wednesday’s highs
2025-03-13T22:58:15+0000 -
Brent crude oil price bounces off support while silver, copper price drops stall
2025-03-11T21:51:31+0000 -
Brent crude oil price drops as silver price rallies and copper price range trades
2025-03-04T21:31:01+0000 -
Brent crude oil hovers above support, copper price digs into support while silver price consolidates
2025-02-25T22:11:26+0000 -
Brent crude oil, copper prices rise on supply concerns as silver price consolidates
2025-02-11T21:37:43+0000
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1 Number 1 in Australia by primary relationships, CFDs & FX, Investment Trends November 2024 Leveraged Trading Report.
2 If Australian-listed, there is a standard rate of A$5 per trade or 0.05% for trades above A$10,000.
3 Best Finance App, Best Multi-Platform Provider and Best Platform for the Active Trader as awarded at the ADVFN International Financial Awards 2024.
4 Our spread for a particular share or ETF is calculated as a percentage of the current price – they are subject to variation, especially in volatile market conditions. Please note: we have tried to ensure that the information here is as accurate as possible, but it is intended for guidance only and any errors will not be binding on us.
* Other fees and charges may apply.
Contact
New clients
1800 601 799
newaccounts.au@ig.com
Existing clients
1800 601 799
newaccounts.au@ig.com
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24/7 except Sat 7am-12pm (AEDT)
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Disclaimers
- CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You do not own or have any interest in the underlying asset. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Please consider the Margin Trading Product Disclosure Statement (PDS), Risk Disclosure Notice and Target Market Determination before entering into any CFD transaction with us.
- The value of shares, ETFs and ETCs bought through an IG share trading account can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
- Please ensure you fully understand the risks and take care to manage your exposure.
- The information on this website is prepared without considering your objectives, financial situation or needs. Consequently, you should consider the information in light of your objectives, financial situation and needs.
- This website is operated by IG Australia Pty Ltd. IG Australia Pty Ltd is located on Level 32, Queen & Collins, 376-390 Collins Street, Melbourne, VIC 3000. ABN 93 096 585 410, Australian Financial Services Licence No. 515106. Derivatives Issuer Licence in New Zealand FSP No. 684191, NZBN 9429047618251.