Spot Gold and Silver

Trade gold and silver and take advantage of the emergence of spot metals as a strong asset class.

Spot Gold and Silver

Spot gold (XAU) and spot silver (XAG) are tradable commodities offered by IronFX at the best-of-market spreads and spot execution without having additional foreign exchange exposure. Spot trading is done similarly to forex currency trading where investors take short or long positions of the metals’ prices. There is no centralised marketplace for spot gold or silver trading and thus trading is accessible 23 hours a day, 5 days a week. IronFX offers CFDs on spot metals in both USD and EUR.

There are many reasons why investors choose to trade spot metals:

Diversify your portfolio: Investors take advantage of spot trading as an emerging asset class in a bigger and well-balanced trading portfolio. Hedging opportunities: Trading spot metals creates great opportunities for hedging in every liquid market, with investors gaining more exposure with limited risk. Safe Haven: Spot metal trading is considered to be a safe haven.

IronFX offers CFDs on spot metals in both USD and EUR through our award winning trading platforms. Only 1% margin required for spot metals.

CFD on Spot Metals Contract Specifications
SymbolMinimum Spread1Typical Average Spread1
XAGEUR
Spot Silver - EUR
0.04 0.05
XAGUSD
Spot Silver - USD
0.04 0.05
XAUEUR
Spot Gold - EUR
0.5 0.6
XAUUSD
Spot Gold - USD
0.5 0.5

[1] The above spreads are applicable under normal trading conditions during day trading sessions. However, there may be instances when market conditions cause spreads to widen beyond the typical average spreads displayed above.

SymbolLONG2SHORT2
XAUUSD
Spot Gold - USD
-5.575 -1.76
XAUEUR
Spot Gold - EUR
-2.11 -1.2
XAGUSD
Spot Silver - USD
-1.9 0.33
XAGEUR
Spot Silver - EUR
-13.55 -1
XPTUSD
Spot Platinum - USD
-2.19 -0.69
XPDUSD
Spot Palladium - USD
-2.89 -0.91

[2] The swap value depends mainly on the level of interest rates and the interest of the Company for having an open position during the night. The exchange is automatically converted to the base currency of the trading account of the client. The Company reserves the right to amend the swap values of a specific client in case of any suspect of a trading abuse. The operation is carried out at 23.59 (server time) and may take several minutes.

STP swap value is calculated based on the rates we receive from various LPs plus mark-up and as a result it changes frequently to reflect market conditions. To view Swap values, clients can right click on client terminal market watch and press on Specification.

Symbol Minimum Lot Size Minimum Price Fluctuation (Tick) Size of 1 Lot Used Margin Per 1 Lot (Professional) Used Margin Per 1 Lot (Retail)
XAGEUR
Spot Silver - EUR
0.01 0.01 5000 oz 1% X 5000 X Silver Mkt Price (in EUR) 10% X 5000 X Silver Mkt Price (in EUR)
XAGUSD
Spot Silver - USD
0.01 0.01 5000 oz 1% X 5000 X Silver Mkt Price (in USD) 10% X 5000 X Silver Mkt Price (in USD)
XAUEUR
Spot Gold - EUR
0.01 0.01 100 oz 1% X 100 X Gold Mkt Price (in EUR) 5% X 100 X Gold Mkt Price (in EUR)
XAUUSD
Spot Gold - USD
0.01 0.01 100 oz 1% X 100 X Gold Mkt Price (in USD) 5% X 100 X Gold Mkt Price (in USD)
XPTUSD
Spot Platinum - USD
0.01 0.01 50 Troy Oz 2% X 50 X PT Mkt Price 10% X 50 X PT Mkt Price
XPDUSD
Spot Palladium - USD
0.01 0.01 100 Troy Oz 2% X 100 X PD Mkt Price 10% X 100 X PD Mkt Price
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.