How to Trade Precious Metals?
Buying and selling precious metals doesn’t require you to buy or sell the physical product. You’re simply speculating on the changes in price, just like you would with other financial derivatives.
Price drivers for precious metals, however, are inversely different to other types of financial instrument. Where stocks and shares may see a decrease in value following political unrest or war, precious metals see an influx of investment, driving their prices higher.
Factors that usually affect precious metal prices are supply and demand, national and global economic trends, inflation, USD strength, interest rates, government policy, technology and more.