|Spreads from||Market open||Leverage up to|
|0.35 pts||24 hrs||400:1|
The price of Silver is driven by many of the same factors as Gold – Rate of inflation and inflation expectations, global GDP growth, and interest rates as well as the monetary policies of some of the larger central banks in the world – US Fed, European Central Bank, Bank of England, Bank of Japan and the People’s Bank of China. To a certain extent, supply/demand factors tend to play a greater role in silver’s price fluctuations than in gold’s due to its comparative lack of market liquidity. Lastly, market sentiment plays a major role in the price of the “poor-man’s-gold”, thus silver traders will want to keep a close eye on consumer confidence data as well as the movements in many of the global bond and equity markets.