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Simon Mugo

Can I trade silver instead of gold


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Hi James, yes you can trade silver instead of gold if you have a very small account. However, you should check out some of the brokers reviewed on our site as they offer cent and mini accounts, which allow you to trade 0.01 lots of gold. You can actually trade gold with a Forex trading account balance as low as $50 with many of the brokers on our site.

The downside to trading silver is that the same move in gold would have more pips and more profit given the higher price at which gold CFDs trade. Silver is a great commodity in its own right and I have no issues with you trading it if that's what you want. I just wanted you to know that you can trade gold even with a small account if that's what you want.

The two commodities actually have very similar price patterns, therefore, I'm not saying that you should not trade silver at all.

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