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I suspect this is a pretty basic question, but if I buy, let's say XAGUSD (silver), via my stock broker (which is listed as a forex spot metal instrument), I don't own the underlying silver asset do I? I suppose if I bought EURUSD I also wouldn't own the Euros, but I'd expect my broker to honour the exchange rate and be collateralised to tolerate any major swings in exchange rates. So perhaps a broker is indeed holding silver? Or at least hedging against every position they take? Sorry if that's a bit all over the place, but with equities, options etc it's more intuitive in the sense that you own contracts, but with metals/currencies it seems more like you or your broker have to own the underling?
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http://twitter.com/forex_in_world/status/1269255941440131072Silver: White metal trading on a weaker footing this morning https://t.co/Gnito9R6Xo— FOREX IN WORLD (@forex_in_world) June 6, 2020
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http://twitter.com/forex_in_world/status/1270479498211987456Silver: White metal trading lower in the morning session https://t.co/ILwiaq8yg5— FOREX IN WORLD (@forex_in_world) June 9, 2020
http://twitter.com/forex_in_world/status/1270479460639350793Gold: Yellow metal reverses its gains in the morning session https://t.co/RNVtSEqHoY— FOREX IN WORLD (@forex_in_world) June 9, 2020
http://twitter.com/forex_in_world/status/1269256069542543360Gold: Yellow metal reverses its gains in the Asian session https://t.co/WZ2foqn4Rk— FOREX IN WORLD (@forex_in_world) June 6, 2020
http://twitter.com/forex_in_world/status/1270103483383984128Silver: White metal trading higher in the Asian session https://t.co/RgTw7JdQEK— FOREX IN WORLD (@forex_in_world) June 8, 2020
http://twitter.com/forex_in_world/status/1266389171830173699Gold: Yellow metal reverses its gains in the morning session https://t.co/RZraPhGyME— FOREX IN WORLD (@forex_in_world) May 29, 2020
http://twitter.com/forex_in_world/status/1267823466406793217Silver: White metal trading lower in the Asian session https://t.co/9nwDpaENE1— FOREX IN WORLD (@forex_in_world) June 2, 2020
http://twitter.com/forex_in_world/status/1267823506315599874Gold: Yellow metal extends its gains in the morning session https://t.co/rV5b3mce8y— FOREX IN WORLD (@forex_in_world) June 2, 2020
http://twitter.com/forex_in_world/status/1267370728904679424Silver: White metal trading on a stronger footing this morning https://t.co/p3XUwsObiN— FOREX IN WORLD (@forex_in_world) June 1, 2020
http://twitter.com/forex_in_world/status/1265421966644822019Gold: Yellow metal trading on a stronger footing this morning https://t.co/AuekFPyNMl— FOREX IN WORLD (@forex_in_world) May 26, 2020
http://twitter.com/forex_in_world/status/1267370729789685766Gold: Yellow metal extends its gains in the morning session https://t.co/7kxBz1tpGS— FOREX IN WORLD (@forex_in_world) June 1, 2020
http://twitter.com/forex_in_world/status/1265572009444020226Gold: Yellow metal extends its losses in the morning session https://t.co/d4DD2eZumL— FOREX IN WORLD (@forex_in_world) May 27, 2020
http://twitter.com/forex_in_world/status/1265571889415626752Silver: White metal trading higher in the Asian session https://t.co/HFFuzPFngA— FOREX IN WORLD (@forex_in_world) May 27, 2020
http://twitter.com/forex_in_world/status/1265421965323644928Silver: White metal extends its gains in the morning session https://t.co/9qA0Vu4fc9— FOREX IN WORLD (@forex_in_world) May 26, 2020
http://twitter.com/forex_in_world/status/1265919098158026759Silver: White metal extends its gains in the Asian session https://t.co/NtG9NgXRGL— FOREX IN WORLD (@forex_in_world) May 28, 2020
http://twitter.com/forex_in_world/status/1266389163353559046Silver: White metal trading on a stronger footing this morning https://t.co/Jjf9wGgKGU— FOREX IN WORLD (@forex_in_world) May 29, 2020
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