Metals trading

There are a few different ways to trade metals. Most metals trading in the open market is executed via futures – derivatives that involve trading a metal on a set date in the future at a price set today.

To buy and sell metals futures, you’ll need an account with a futures broker. Or, you can trade on futures prices using CFDs – which enable you to go long or short on metals without ever taking ownership of the underlying asset.

Learn more about how to trade commodities.

Yes, you can day trade precious metals including gold, silver, platinum and more. To day trade these precious metals, you need to ensure that you aren’t keeping any positions open overnight – which avoids the risk of overnight gapping and funding charges impacting your bottom line.

CFD trading is a popular way to day trade precious metals. It enables you to speculate on metal prices without ever taking ownership of the markets themselves, and provides access to leverage to make your capital go further – although leverage will also increase your risk.

You can trade most metals – including gold, silver and platinum – 23 hours a day from Monday morning to Friday, with a break from 06:00 to 07:00 SGT. However, there will be times when precious metal markets are more volatile and liquid than others.

Full week trading, including over the weekend, is available for gold with the XAU/USD 7-Day product. You can view more details of the XAU/USD 7-Day CFDs here.