How To Trade Gold And Silver On Bybit

Gold and silver have been among the most popular assets traded on financial markets for as long as modern finance has existed. The two precious metals offer some shared benefits, but they also possess their own distinct characteristics that necessitate different strategies.

Commonly, when financial markets are gripped by fear, gold comes to the forefront of investors' consideration lists as the ultimate safe-haven asset. On the other hand, some growth-focused scenarios favor silver.

Bybit offers you three primary routes to trade gold and silver: the Derivatives and Spot markets as well as the TradFi platform. In this article, we'll review why traders choose gold and silver, and provide step-by-step instructions on how to trade these assets on Bybit.

Key Takeaways

Why Traders Choose Gold and Silver

Gold is widely regarded as a safe-haven asset during times of economic uncertainty, inflation, or geopolitical tension. It tends to hold or increase in value when other markets decline.

Silver, while also a precious metal, has significant industrial demand (e.g., in electronics, solar panels, and medical applications), making its price more volatile and tied to economic growth cycles. This dual role (precious + industrial) allows for speculative opportunities in bullish scenarios.

Ways to Trade Gold and Silver on Bybit

Bybit provides multiple avenues depending on your preferred style (crypto-native or traditional exposure).

For Gold:

For Silver:

Silver trading is primarily available via the TradFi platform with CFD pairs.

How to Trade on Bybit (General Steps)

1. Log in to your Bybit account (complete KYC if required for certain features).

2. For Derivatives/Spot: Navigate to Trade > Derivatives or Spot, search for XAUT or PAXG pairs, and place orders (market, limit, etc.).

3. For TradFi: Go to Trade > TradFi (or directly via app/web), select Metals tab, choose pairs like XAUUSD+ or XAGUSD, fund with USDT, and execute trades with desired leverage.

Always start with small positions, use risk management tools (stop-loss/take-profit), and monitor market conditions.

References: 

Bybit Learn official guides on Derivatives, Spot, and TradFi platforms.