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HOW TO MAKE MONEY TRADING SILVER

 

Analysts from the world of finance have always urged people to pay attention to the price of gold and silver, to trade these particular resources in the market, and even invest in them as a long-term store of capital. But few heeded these wise men until the crisis of 2019 when the world was struck by the Chinese plague of the dangerous virus. Suddenly amazing and strange things started happening in the markets, economy, and politics, many currencies fell in value, and even the dollar lost value to some extent. Lockdowns, company and business closures have weakened share prices, and digital currencies with their huge volatility also do not inspire confidence in the wealthy.

So what to do and where in what to keep money from inflation and political scams of the future? The clue lies on the surface in the following fact – since the start of the pandemic and by October 2020, the price of silver on the market has risen by 200%! As predicted by smart people, precious metals are gaining price again and allow not only to save but also to significantly increase capital.

Peculiarities of trading metals on Forex

Trading silver futures on the forex market is a great way to start earning and prepare for the future economic instability that is already being predicted. These are just some of the reasons to seriously consider investing in silver:

The price of the metal is constantly rising and in just the last couple of years, it has increased by 200%. This trend will continue for years to come;

Silver is not only a money saver but also a money multiplier. All analysts say that the currency market may soon undergo the most radical changes, as fiat money around the world is rapidly devaluing. Metals will remain steadily expensive;

Trading silver is available at many Silver Trading Platforms allowed to trade in South Africa, which makes this operation available to almost everyone. It is enough to find a proven broker to easily enter this market with minimum investment.

To trade gold, you have to not only register at a brokerage house and create a certain account but also study analytics and read articles on the subject. There are special methods for trading precious metals, particularly silver, for example, the Puria method and others. Study them to succeed and not to do stupid things with your finances.

Factors Affecting the Silver Price

The price of silver depends on several factors. Just to name a few:

  • Silver is a natural mineral that is mined from the bowels of the earth and therefore the balance of supply and demand is often disturbed and strong price fluctuations occur. In recent years, Mexico has been the biggest silver miner, with around 5,000 tonnes of metal mined in 2014. The largest consumer of silver is the USA (about 20% of global consumption), followed by India and China (about 18%);
  • Silver is used in various applications. More than 50% of the silver mined is used in the film industry to create high-quality reflective materials. The military industry also uses metal, for example, about 14kg of silver is required to produce a single Tomahawk missile. A mere 3% of silver is used in the jewelry industry. The demand for silver in any of these areas drives up its price.

Conclusion

Trading silver is not much different from trading other currencies and assets on the Forex market. The most important thing here is to find a safe and licensed broker who guarantees the security of transactions and withdrawals.

 

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