Spot Silver

Silver is commonly regarded as the second most-favored precious metal after Gold, having been used in jewellery, coinage and ornaments for centuries. As well as its investment properties, silver is also widely used in commercial and industrial processes, with the largest silver production being in North and South America.

Silver Market Influences

Like other commodities, Silver is subject to supply and demand pricing, dropping when there is abundance in the market place and increasing when supplies become scarce.

Silver is sought as a valuable and practical industrial commodity, and as an appealing investment. The largest industrial users of silver are the photographic, jewellery, and electronic industries. Newly mined metal provides most of the needed supply, and Mexico, The United States and Peru are the primary producers.

Other market influences include mine production. 2010 saw several high profile mining incidents which highlight the often dangerous nature of this industry.

Product Specifications and Information
SPOT SILVER
Spot
31.9500
Spread 3 cents
5000 Troy Ounce
0.01
$50 per 0.01
Margin $1,000
Monday 2.00 AM to Saturday 12.30 AM
Daily from 1:15 Am to 2.00 Am