Is there a way to instantly buy and sell silver online like stocks?
there big difference between buying metal silver physically , trading it.
buying physical
if looking purchase precious metal, of course pay higher price. difference between bid , offer spread commodity trader keeps. think of traders wholesalers. there fee buying dealer, can high, because dealer selling in small amounts. generally, more buy, lower fee per ounce or gram. 2 well-known dealers precious metals kitco, based in canada, , apmex, based in united states.
trading or buying (or selling short)virtual
assuming don't want regular commodities account tend require lot of capital (from reputable firm), want etf in trade stock. suggestions above ishares silver trust fund, slv, good. there ubs e-tracs cmci silver etn, usv, etfs physical silver shares, sivr, , powershares db silver fund, dbs.
please understand when hold these etfs long-term exposed price deprecation due fact etf or etn must roll contract @ expiration further date.compare prices on length of time commodity picture of this. additionally, many precious metals bugs against type of "virtual" or "paper" assets, making argument in true crisis, brokers , banks go bust, leaving hard or impossible ever money out. i'm sure reasons trading silver not because of , same way. aware feel way.
you're on path choosing commodities on stocks beginner. while commodities trade in more volatile fashion, moves more based on economic factors 1 can learn , understand. stock movements, due many different factors, harder understand, seasoned professionals.
advice-pick 1 thing , stick it. if silver, learn inside , out , don't try trade gold, or nyse, or forex. things hard enough stick 1 security, , theres no need add in additional things learn. once master one, can take years, might move on. luck trading metals.
i've been wanting kind of small stock trading, realized know way more precious metals stocks. there way buy , sell silver instantly online without ever having metal sent me , *without over-spot fees*?
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