Spot Metals FAQs

What are the symbols for spot gold and silver?

The symbol for spot gold is XAU/USD and silver is XAG/USD.

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What are the trading hours for spot gold and silver?

Spot gold and silver trading is available from 6 pm ET Sunday through 5 pm ET Friday. Be advised of the potential for illiquid market conditions outside of NY trading hours (8am-5pm ET). Spot gold and silver trading also follow CME holiday closures.

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What is the minimum lot size for spot gold and silver?

The minimum lot size for gold is 1 oz. and 50 oz. for silver.

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How is margin calculated for spot gold and silver?

Normal margin on spot metals is 1:1, or 100% of the contract value.

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Is there a limit to the amount of gold or silver I can hold in my account?

The maximum position a client may hold at any given time is 3,000 oz. for spot gold and 100,000 oz. for spot silver.

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Can I hold positions over the weekend and major holidays?

Yes.

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Is there an expiry date on spot gold and silver contracts?

There is no expiry date when trading spot gold and silver. As long as you maintain the required margin, your position will remain open until you choose to close it. As with forex positions, open gold and silver positions automatically roll forward to the next day's value date following the close of NY trading at 5:00pm ET.

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