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Binary Options Trading Silver

Binary Options Trading Silver Guide

Binary Options Trading Silver



Binary options trading silver is considered to be a very popular commodity in the binary options trade. It has been a means of payment for hundreds of years, China preferred to be paid in  silver upon gold  during the 17 Th and 18 Th century. Silver is a commodity that is accepted as a legitimate world wide means of payment for goods, just like gold.More then 51% of silver is mined in Mexico,Peru and China. Political unrest in one of these 3 contrues will have impact on the price of silver, due to the large concentration of silver in these countries. The major countries that consumes silver are The United States, China India and Japan. Each one of these countries use silver for a different purpose, which will be explained later on.


binary options trading silver




 

 

 

 

 

 

 

 

 

 

Binary Options Trading Silver Factors And signals

Silver unlike other commodities  has a dual demand, which makes binary options trade a little more complicated to predict if the price  of silver will go up or down in a given time. Due to Silver’s unique chemical properties, it is a key ingredient in the electronic industries such as the creation of computers, mobile devices and many other electric products. Silver is also used in the electro mechinical industries,electric engendering industry, aerospace industry, solar industry,soldering and the automotive industry. This industrial demand creates a very complicated binary options signals map which is unique to silver. Further more, silver is used for the jewelry and silverware industries. Any change in one of those industries for better or worse has an immediate influence on the demand for silver, the demand has an immediate effect on it’s price.

On the other hand, silver is a precious metal, it is bought in order to save the value of money, mainly in times of political and economic turmoil. In general silver is considered a good investment for the future, and ironically the demand for silver decrease during times of economic boom, when the industry is growing. The main reason is due to the fact that there are much more investment opportunists and ways to make money.

You may also be interested in reading the binary options trading guide for gold, that explains about another popular precious metal, with similar features. For further reading, click here about trading commodities in general

 

 

 

  1. Avatar for admin
    Lida
    October 20th, 2016 at 05:18 | #1

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  2. Avatar for admin
    FrankyV
    June 24th, 2017 at 20:22 | #2

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