Skip to main content
NextTrade

Markets & hours

Metals

Metals are commodities such as gold and silver, usually quoted against the US dollar. They are often traded as CFDs on the spot price.

Also called: precious metals, spot metals, silver, XAG/USD

Hypothetical example

Hypothetically, silver (XAG/USD) moves from $30 to $31 an ounce. On a position of 100 ounces that is a $100 gain for a buyer and a $100 loss for a seller.

Related terms

Used in these guides

Back to the glossary