These two metals, mined and traded for centuries, are considered scarce resources, which makes them highly valuable and places them among luxury investment assets. In addition to their monetary and investment value, gold and silver are also widely used as raw materials in both the industrial and medical sectors, further increasing their global significance.
Trading Gold and Silver in the Forex Market
In financial markets, leveraged trading is common across various currency pairs such as EUR/USD, GBP/USD, USD/TRY, EUR/TRY, and USD/RUB.
In the past, precious metals like gold and silver were only available for trading through futures contracts on the U.S. futures exchanges.
However, for over a decade, these metals have also become tradable instruments in the forex market through CFD (Contract for Difference) trading.
While investors in the spot market are typically used to trading gram-based gold and silver prices, forex markets operate using troy ounces (oz).
Globally, forex markets may offer leverage as high as 1:1000, but under SPK (Capital Markets Board of Turkey) regulations, the maximum leverage available to Turkish investors is 1:10.
This applies not only to currency pairs but also to gold and silver transactions.
More conservative investors, however, can choose to trade without leverage, opening positions in gold or silver equivalent to their account balance.
Advantages of Trading Gold and Silver in Forex Markets
Today, instead of trading gold and silver through jewelry dealers with high bid-ask spreads, investors can take advantage of 1:10 leverage in the forex market to buy or sell precious metals instantly, 24 hours a day, 5 days a week.
For example, an investor holding 100 grams of silver purchased at 50 TL per gram may decide to sell it if they expect a price drop, and then buy it back later at a lower price to realize a profit.
But what about an investor who doesn’t own silver yet believes that prices will fall?
This is where one of the greatest advantages of forex trading becomes clear:
In forex, you can profit not only from rising prices but also from falling markets — by taking a short position (selling) even without owning the underlying asset.
Another major benefit is the flexibility of trading hours.
Unlike physical markets that operate during limited hours, the forex market is open 24 hours a day, 5 days a week, enabling investors to react to global economic or political developments that may influence gold and silver prices even outside Turkish market hours.
Silver Prices
You can track live silver prices on the “Real-Time Data” section of our homepage to monitor the current silver market price instantly.
Forex Silver Analysis / Silver Charts
QNB Invest publishes daily market outlooks and analyses on the silver commodity on its website.
In addition, clients with a live forex account receive three daily technical analysis bulletins covering the forex currency pairs and commodity markets.
At QNB Invest, you can monitor live silver prices and practice virtual trading using a demo account.
To start, simply complete the free demo account form below and click “Apply Now.”
