Been looking at silver as a daily trading option but most platforms I’ve tried have terrible spreads or execution issues.
Wondering what others are using for actual day trading, not just long-term positions.
Silver spreads are bad on retail platforms. The metal moves quickly, but brokers often widen spreads during volatility when you want to trade.
Platforms that focus on metals usually have better execution than general forex brokers. They provide better liquidity for precious metals.
Be cautious about overnight swaps as silver has high financing costs. Some brokers charge significantly more for the same position.
Check execution during the New York open when silver is more active.
I stick with my main forex broker for silver trades since they have tight spreads during active sessions.
The key is timing your entries when liquidity is good rather than switching platforms constantly.
Most decent brokers handle silver fine if you avoid the slow hours and focus on momentum moves during market overlap periods.
Try commodity focused brokers not regular forex ones.
Most forex brokers have decent silver spreads during London and NY sessions. Just avoid trading during rollover times.