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What Influences Silver Prices?

Silver is similar to gold in its physical value, especially due to the tech sector, and relative stability despite market fluctuations. 

As another “safe-haven” commodity, silver can offer traders a sense of security in their investment. Despite this, it’s still relatively volatile meaning it may offer big returns in bullion markets.

Some factors that influence silver price include:

  • Supply and Demand: See our information on gold above for more details.

  • The Price of Gold: There is a relationship between the two metals and silver price tends to follow that of gold.

  • Industrial Needs: When there is an increase in output of industry production, silver prices will rise. Silver is essential to make things such as: film, LED lights, solar panels, and dental alloys.

  • Other Metals: When there’s high demand for ores, such as copper, silver prices may jump up. Why? Silver is often extracted from other metals. 

  • Speculation: Like many commodities, silver can be used for speculative trading. Confident traders can gain big returns due to silver’s volatility.

Many investors use the gold-silver ratio to bolster their silver portfolios. This is the ratio of 1 oz bars of silver that you can buy for the same price as 1 oz of gold. In recent years it’s stayed between 40 - 80, and investors/traders see the higher ratio as a good time to buy silver. 

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Commodities FAQ

To trade commodities like Brent oil, WTI oil with CFDs, below are the recommended steps.
1. Choose a trusted broker. There are plenty of brokers on the market, like MiTrade, IG, Capital. Among them, we would recommend MiTrade for its 0 commissions, low spread and flexible leverage. MiTrade is also licensed by ASIC, a world-renowned licensure used by many legitimate exchanges.
2. Enter a contract for difference: this means you will exchange the difference in price between when the trade was opened and closed.
3. Choose your leverage amount (fixed or variable) based on your goals.
4. Withdraw your winnings!

Diversification: Don’t put all your eggs in one basket! Use this to reduce your risk, but limits short-term returns.
Inflation Hedging: Use your oil investments to hedge against inflation in the future.
Speculation on commodities prices: Feeling confident? Invest in future speculation to get big winnings today.

If you are someone who can skillfully track and manage world events, while understanding the ins and outs of popular commodities like gold, silver, oil and their derivatives, then you may be able to make an attractive profit from investing in commodities. Learn what moves the commodity and you can minimize your risk.

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