Thinking of trading XAG/EUR?
- 1. Due to silver's physical strength, malleability and conductivity properties it is used in almost any industrial field, hence increasing its industrial demand. As it is use is expanded over many industries, problems that may arise in one, might not affect the rest. Making it a safe metal to invest in. 2. In particular, silver demand for jewelry is strong in India. As these and other emerging market countries continue to grow, their demand for silver could increase sharply. 3. Also, it is worth noting that Silver could perform better than stocks and bonds when there is political unrest. It could also outperform financial assets during hyperinflation and that it will also react better during periods of severe deflation, particularly if central banks dramatically devalue their currencies.
Trading CFDs involves significant risk of loss
How would you like to trade XAG/EUR?
- Tight spreads & reliable execution
- 70+ pre-installed indicators
- Custom indicators
- 26 time frames
- Live Sentiment data
- Chart trading
- Advanced Take Profit & Stop Loss
- Depth of Market
Trading CFDs involves significant risk of loss
- Vast selection of strategies to copy
- Efficient risk management
- Can start and stop copying at your will
- Flexible allocation of funds
- Detailed performance reports
- Full transparency & access to historical data
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Trading CFDs involves significant risk of loss
For beginners:
- Great choice of available cBots for various trading strategies and risk tolerance levels
- Simple Plug and Play functionality
For advanced traders:
- Ability to create your own cBot or custom indicator
Trading CFDs involves significant risk of loss
Trade XAG/EUR with Fondex. Our CFD trading platform is engineered to provide you with optimal execution speed while allowing you to access 3 different trading methods on the same interface.
1. The USA is the world's leading consumer of silver with 20%, and India and China are in second and third place with approximately 18%. As any natural resource, silver has to be mined from the ground. Hence, its supply is often inconsistent with demand leading to price fluctuations. In recent years, Mexico was the world's main silver miner, with some 5,000 metric tons produced in 2014. Political problems among these countries, such as the USA and China trade war, the unfriendliness between Mexico and the US will affect the price of the metal. 2. Silver is used in different industries, for example, more than 50% of mined silver goes to the movie industry, used to create sensitive materials reflecting the light, it is also used in the military, and surprisingly, only 3% goes to the jewelry industry. Demand from any of these sectors will lead to a change in its price. 3. Depressed prices for silver combined with high mining costs have caused production numbers to fall in recent years. Unless prices pick up substantially, many mining projects will remain on hold, which will make supply lower, and prices higher.
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