Range of Markets

Financial Spread Betting Markets Explained

We have collated a detailed description of all our financial spread betting markets, providing you with detailed market and trade information plus descriptions to explain more about each particular instrument.

Spot, Silver

commodities - Spot
Commodity
2 *
(Shares only)
1
Daily
2300-2200
£0.5
1(200 if guaranteed)
10
TomNextRate +/- 3.5%
NTR: Position (GBP) % ***
0 - 339
.50
339 - 678
2.50
678 - 3,388
10.00
3,388 +
25.00
Limited Risk NTR: Position (GBP) % ***
0 - 847
10.00
847 +
25.00
Spread Premium: Stake (GBP) Multiplier
0 - 255
1
255 - 510
2
510 - 1,698
4
1,698 +
20

*Any spread width shown in brackets is the spread which will be applied outside of the market’s normal trading hours.

**Funding applied on daily basis to ‘Daily’ and ‘Daily Futures’ markets only.

***When placing a new trade the NTR Multiplier is calculated from the mid-point of the current price. E.g. if a share is currently trading at 199.7 – 200.3 with an NTR multiplier of ‘10% of the current price’ then the NTR Multiplier at that time will be 20 (10% of 200). Once you have an open position in a market, if that position is a buy it will be marked to the current bid price and therefore the NTR Multiplier will be calculated from the bid price. If the position is a sell it will be marked to the offer price and therefore the NTR Multiplier will be calculated from the offer price. Please note this means that NTR Multipliers will vary as the price and bid-offer spread of the market moves.

Market Description

Silver had been regarded as a form of money and a store of value for more than 4,000 years until the end of the silver standard in 1971 when the metal lost its role as legal tender in the United States.

Now silver is still commonly used as a form of investment, although is not anywhere near as popular as gold in this regard. It is also used in industrial applications such as in conductors. Its price is generally quoted in cents per troy ounce.

In a similar manner to gold, silver is seen as a commodity to turn to during times of economic uncertainty. While silver often tracks gold prices, it can often be much more volatile. The price of silver has risen from $4.32 dollars an ounce in October 2002 to $27.03 in late 2010.

When spread betting on silver you trade per cent movement (rather than per 10 cent movement as you would for gold). Price movements can be fairly volatile with 100 plus point movements not uncommon.

When placing a financial spread bet with Spreadex on the future price of silver, you can trade on either a Daily Future market or Futures markets with prices quoted based on expiry at a given future date. For example, Spreadex may quote Silver, Daily Future at 2719-2722.

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