Gold and Silver Trading FAQs
- What are the symbols for spot gold and silver?
- What are the trading hours for spot gold and silver?
- Is there an expiration date on spot gold and silver contracts?
- How is margin calculated for spot gold and silver?
- Is there a limit to the amount of gold or silver I can hold in my account?
- Can I hold metals positions over the weekend and major holidays?
What are the symbols for spot gold and silver?
Currently we offer spot gold as XAU/USD and the symbol for spot silver is XAG/USD.
What are the trading hours for spot gold and silver?
Spot gold and silver, which is unleveraged, trading is available 23 hours a day from 6pm ET Sunday through 5pm ET Friday. Trading is closed from 5pm to 6pm ET daily; however, you may place new working orders or edit and cancel existing working orders during that time. Spot gold and silver trading also follows CME holiday closures.
Is there an expiration date on spot gold and silver contracts?
There is no expiration date when trading spot gold and silver. As long as you maintain the required margin, your position will remain open until you choose to close it. As with forex positions, open gold and silver positions automatically roll forward to the next day's value date following the close of NY trading at 5:00pm ET.
How is margin calculated for spot gold and silver?
Normal margin on spot metals is 1:1, or 100% of the contract value.
Is there a limit to the amount of gold or silver I can hold in my account?
The maximum position a client may hold at any given time is 10,000 troy ounces for spot gold and 250,000 troy ounces for spot silver.
Can I hold metals positions over the weekend and major holidays?
Yes, but as with forex positions, rollover will be applied.