Instruments and markets
Silver
Spot silver, quoted as XAG/USD in US dollars per troy ounce. It tends to move with gold but with a larger percentage range and materially thinner liquidity, which makes position sizing carried over from gold too large.
Also called: XAG/USD
GFN’s figure
Metals may be traded on GFN accounts where available, at leverage that varies by instrument, against the same drawdown floors as every other instrument on the account.
In detail
Silver,explained
Silver has an industrial demand component gold does not, which makes it more sensitive to growth expectations and gives it a higher beta to the same macro news.
The combination of high volatility and thinner books means slippage is more common than on gold at the same position size.
Related
Terms thatcome with it
Most rules only make sense next to the ones they interact with. These are the entries this one depends on.
XAU/USD
The symbol for spot gold priced in US dollars - XAU is the code for one troy ounce. It is the most traded metal instrument and one of the most volatile instruments on a retail platform.
Commodities
Raw materials traded as instruments - energy, metals and agricultural products. Prices are driven by physical supply and demand rather than by interest rates, which makes them move on a different calendar from financial instruments.
Liquidity
How much can be traded at a given price without moving it. Deep liquidity produces tight spreads and reliable fills; thin liquidity produces wide spreads, slippage and gaps.
Slippage
The difference between the price requested and the price filled. It appears when the market moves between order and execution, and it is most pronounced around news and at thin points in the session.
Leverage
The ratio between the notional size of a position and the margin required to hold it. At 1:50, $2,000 of margin supports a $100,000 position - it changes what you can open, not what you may lose.
Also governed by /rules/instruments
Ready when you are
Your capital stays yours.The risk is ours.
One evaluation fee, no time limits and up to 90% of simulated profits. Pick an account size and your credentials arrive by email within minutes.
No subscriptions or hidden fees
Payouts every 14 days
$400,000 max total allocation