Gold and Silver have traditionally been safe assets that are turned to when the equity markets are not performing. Investors have seen the prices remain hold value and grow over a number of years, and have become more and more interested in including precious metals as part of their portfolio. Even the purchase of physical silver commodity has seen a leap with new dealers like JM Bullion and APMEX springing up to meet the growing demand.
Silver commodity
Silver binary options traders can choose to trade on this asset on most broker platforms. It is one of the most widely available assets. Although less volatile than Gold in terms of pips it is still a volatile and high-volume trade opportunity. Binary traders make predictions based on the price movement of silver over a set period. They may Put, Call, Boundary trade or place a Touch/No Touch trade.
Some experts predict that silver commodity will rise by 35% over the coming year. Others predict that it will hit a price of $250 in the future. It has been described as Gold on steroids. Should silver perform as some expect it will be a fascinating commodity asset to trade on for a long time. It’s dual function, as both an industrial metal and consumer precious metal, looks set to drive it on.
Silver binary options traders will look to China and India while researching silver commodity. These two markets are becoming increasingly wealthy and have a strong culturally ingrained desire for both silver and gold. Traders should also be mindful of the world economy as events dramatically influence demand.