Spot metal prices or commonly called “spot prices” often refer to silver and gold markets. These are closely watched by financial institutions, dealers, retail investors, and online traders all over the world. These involve the current price at which equity can be bought or sold at a specific session and place.
Spot gold is used as the most common basis for bullion dealers. It is used in determining the exact price of coins and gold bars, which varies every second during market hours. Prices are estimated in troy ounces.
Spot silver, on the other hand, is the fixed rate of silver per ounce for the trading session.
By trading spot gold and silver, a trader can set a long or short position in silver or gold instrument while having on opposite position the U.S. dollar.
Spot price is the explicit value of a security at a specific time while security futures involve its expected value relative to its current price.
CFD and/or Forex trading carry a high risk of loss and is not suited for everyone. All investors must inform themselves of possible losses involved and sought for independent advice if need be. Please read Trade12's Declaration of Risk statement.