Precious metals have been all the rage for the longest time, with gold regarded as the gods’ product by the Aztecs, and silver being the most expensive metal in Ancient Egypt. But what about now?
Still rare, and still highly valuable, these metals have become popular around the world as investment or trading assets.
Whenever the indices and currencies markets go bearish, or simply face uncertainty and turmoil, traders turn to gold as their haven. Widely used in several industries around the globe, this valuable metal is extremely market-resistant thanks to its scarcity to its stable ongoing demand, making for an asset with a high store of value. Trading Contracts for Difference (CFDs) on gold, to add to its inherent benefits, allows you to exploit market trends in the short run, speculating on the asset’s daily volatility.
Silver might seem like an underdog in the metals value race. However, it is widely used as an industrial material, making it more prone to fluctuations due to corporate trading activities. This makes for a great opportunity to trade silver through CFDs, as you can go both long, if you believe the price will go up, or short when you think the value is about to drop.
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