Silver Or Gold: Which One To Trade This Year?


Online trading is becoming more and more popular with each passing day. With numerous techniques and strategies available to ensure safer, better returns, it has become a trend which most of the professionals love to give a try. You don't have to be an expert to start trading. You can trade commodities or currencies as per your choice and comfort. For instance, if you are new in trading and want to try commodity trading, you can contact commodities trading brokers in UAE and get assistance. There are lots of commodities you can trade and start earning money. In this blog, we will discuss silver and gold, and their scope as commodities.



Silver As A Commodity

Silver is a precious metal and one of the top tradable commodities. The metal finds its application not just in jewellery making but also many other fields that include art, science, manufacturing of electronic items, and trading too. If we talk about the quantity of silver that is traded on a daily basis all over the globe, it is in tonnes. And, we are not surprised!

Silver is a very liquid commodity which places it among the preferred options for online commodity trading Dubai. It witnesses considerable price movements and is influenced by many factors that include the prices of US Dollar and gold, politics, and macroeconomic factors. Though the price is mainly affected by the industrial demand for silver, it is also driven by the factors like inflation and government actions to some extent.

Gold As A Commodity

Coming to Gold, it is one of the most traded commodities around the world and has a long history in online commodity trading Dubai. The metal has been used to make coins since long and it has been playing an important role in determining the fate of the world economy for centuries. Gold is used in making jewellery, GPS systems, mobile phones, televisions, etc. It is also used in medicines and treatments like dentistry.

Currently, India alone has an annual consumption of gold in tonnes that is around 700 tonnes per year. And, the metal is traded all over the world. Gold prices tend to move depending on the political activities and macroeconomic factors. It is a highly liquid commodity and offers attractive returns if traded strategically.


Conclusion

You can see that both Silver and Gold are highly liquid in nature and considered to be profitable. If we talk about the price movements, the price of silver is said to be partially dependent on the price of gold. For further assistance, you can contact commodities trading brokers in UAE and get help!

Location: Labourdonnais St, Port Louis, Mauritius

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