Commodities like silver have always held a special place in investors’ minds as a hedge, a speculative tool, and a diversification asset. With increasing retail access, trading silver (and other commodities) has become simpler via mobile apps and online brokerages. In this blog, we’ll review a couple of commodity trading apps to trade in silver.
Best Commodity Trading Apps for Silver
Groww
Groww originally started purely as a mutual‑fund/stock investment app and has been rapidly upgrading to become a full‑service investment/trading platform. The app offers very strong commodity trading infrastructure for metals, including silver, on MCX/NSE.
Some of its key appeal points for commodity/silver trading:
- It has introduced commodity trading (including gold, silver, crude oil, and natural gas) via the same platform where users invest in stocks/mutual funds.
- The onboarding is relatively seamless: if you already have your equity/F&O segment active on Groww, you just need to activate the commodity segment.
- Flat brokerage as equity, i.e., ₹20 per executed order
- It offers a single balance/unified ledger for equity/F&O and commodity trading, which is convenient.
- Fast execution, option‑chain, and other tools for commodity trading built into the app.
- Lightning‑fast execution: Trades executed in under 0.05 seconds
Zerodha Kite
Another app to trade in silver is Zerodha. It has Low and transparent brokerage for commodity trades: for futures & options in commodities the charge is ₹20 per executed order or 0.03% (whichever is lower).
- Single ledger: You can now use the same equity account balance to trade commodities, without a separate account segment.
- Good educational resources and market‑readiness for derivatives.
ICICI Direct
ICICI Direct adds a reliable full‑service option, particularly if you value research and are willing to trade via a large legacy financial institution. They allow commodity derivatives trading (including gold, silver, crude oil, metals) via MCX.
Brokerage: Flat ₹20 per executed order is referenced for commodities futures/options in some plans.
They offer integrated 3‑in‑1 accounts (bank + trading + demat) which simplifies funding/settlement.
Angel One
Angel One (formerly Angel Broking) is a full‑service broker that also covers commodity trading, including silver. If you prefer a full‑service broker with research, advisory, and a broader service offering (not just ultra‑low cost), Angle One is the right choice.
- Strong infrastructure and reliability; long‑established in derivatives/trading space.
- Transparent and low brokerage cost structure for commodity futures/options.
Upstox
Upstox is another popular broker offering commodity trading, including silver, with an attractive broking model. It supports trading in various commodities, including silver.
Further, advanced charting tools, and live streaming data are helpful for derivatives trading
Upstox is a good choice if you:
- Are cost‑sensitive and want lower brokerage for silver futures/options.
- Prefer a simpler/flexible interface.
- Are comfortable with derivatives and want to trade actively rather than buy & hold.
How to Choose The Right App for Silver Trading?
Here are key factors to evaluate when picking an app/broker for silver commodity trading:
- Trading segment availability: Does the app support silver futures/options (on MCX/NSE)?
- Brokerage & charges: Lower costs help if you trade frequently.
- Ease of onboarding: How quickly can you activate the commodity segment? Are there extra formalities?
- Unified versus separate ledger: Easier if you can use the same account balance for equities & commodities.
- Tools & analytics: option chain view, real‑time data, charting, indicators.
- Risk awareness & caution: Silver/commodity derivatives are high‑risk; the platform should highlight this.
Conclusion
Trading silver via futures/options is not the same as buying physical silver or an ETF; the dynamics (lot size, margin, expiry, settlement) are different. Make sure you understand what you are doing, start small if needed, and use stop‑losses/risk control. The platforms above make access easier, but the underlying risk remains.