Precious metal trading involves buying and selling valuable metals like gold, silver, platinum, and palladium. Investors often trade these metals as a way to diversify their portfolios or hedge against inflation. The prices of precious metals fluctuate based on supply and demand, economic conditions, and geopolitical events. Traders can engage in precious metal trading through various methods, including physical purchases, exchange-traded funds (ETFs), and futures contracts. Physical trading involves buying bars or coins, while ETFs allow investors to buy shares that represent a specific amount of metal. Futures contracts enable traders to agree on a price for future delivery, adding another layer of strategy.