--- title: "Trade Gold & Silver With Leverage, Long or Short: SGX's First Gold & Silver DLCs, Explained 🥇🥈" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000852496.md" description: "Now you can go long or short on gold & silver with leverage! Silver +99%, gold +72% over two years — then sharp swings both ways. SGX's first Gold & Silver DLCs are here: up to 5x leverage, long or short. Share your take in the comments for a shot at SGD 20 cash." datetime: "2026-08-13T09:05:50.000Z" locales: - [en](https://longbridge.com/en/topics/100000000852496.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000852496.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000852496.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # Trade Gold & Silver With Leverage, Long or Short: SGX's First Gold & Silver DLCs, Explained 🥇🥈 💰 **Engage & Win:** share your DLC trading experience or your views on gold & silver in the comments of this post or under the DLC topic — **quality contributors can win SGD 20 cash**. Campaign period: **13 – 21 August 2026**. Full details at the end of this post 👇 ## **💡 What Is a DLC?** DLC stands for **Daily Leverage Certificate** — a leveraged trading product **listed on the Singapore Exchange (SGX)**. It's issued and market-made by Société Générale. The name tells you how it works: - **Daily** — the leverage applies to each single day's move, and resets at every close; - **Leverage** — a fixed factor (3x or 5x here), available in both Long and Short versions; - **Certificate** — an exchange-listed security you can trade from a regular cash account. The one-day rule is simple: **the DLC's daily return ≈ the underlying's daily move × the leverage factor**. ## **🥇 Why Choose the Gold & Silver DLCs?** In 2026, SGX welcomed its **first ever gold and silver DLCs** — four products tracking the world's largest gold and silver ETFs (GLD and SLV, both ~**0.98 correlated** with spot prices). The 5x gold DLC is currently the **highest-leverage gold-linked product in Asia**. **Underlying** **Direction & Leverage** **Currency** **Ticker** SPDR Gold Shares (GLD) 5x Long SGD **GLDW** SPDR Gold Shares (GLD) 5x Short SGD **GOSW** iShares Silver Trust (SLV) 3x Long SGD **SLSW** iShares Silver Trust (SLV) 3x Short SGD **SVSW** Look at the last two years: **silver +99%, gold +72%** — both far ahead of every major stock index. Then metals peaked on 29 Jan 2026 and turned volatile: silver -18% and gold -7% in the first half of this year. Big swings in both directions are exactly where a **two-way leveraged tool** fits. Source: Bloomberg (30 June 2024 – 30 June 2026), via Société Générale ## **⚠️ Four Things to Know Before You Trade** 1. **It's a short-term tool.** Leverage resets daily, so returns compound day by day. 2. **There's an airbag mechanism.** If the underlying moves sharply against the DLC intraday (-15% for the 5x gold, -20% for the 3x silver), trading pauses and the leverage base resets to reduce exposure after the fall. It reduces wipeout risk, but a violent gap can still take a DLC to zero. 3. **Overnight holding carries small daily costs.** Intraday, essentially just spread and commission; holding overnight incurs small daily fees. 4. **SIP qualification is required.** DLCs are Specified Investment Products (SIP) — the SIP qualification assessment must be completed before trading. ## **🛒 How to Get Started** Search **GLDW / GOSW / SLSW / SVSW** in the app — all four are SGD-denominated and trade during SGX hours.To view the full list of DLCs issued by Societe Generale, visit DLC.socgen.com ## **🎁 Engage & Win — SGD 20 Cash Rewards** 💬 **Comment on this post, or publish a post under the DLC topic — share your DLC trading experience, or your views on gold & silver.** We'll pick the **25 most insightful entries** to reward — quality contributors each get an **SGD 20 cash card** (posts under the DLC topic stand a better chance of winning!) Campaign period: **13 – 21 August 2026**. Winners will be announced and rewards issued within 15 working days after the campaign ends. Original content only — duplicate or plagiarized content is not eligible. #DLC #Gold #Silver #SGX **Risk Disclosure**: This post is for educational purposes only and does not constitute investment advice or an offer to buy or sell any product. DLCs are high-risk leveraged products suitable only for SIP-qualified investors. Leverage amplifies losses as well as gains; daily compounding erodes value in volatile markets; total loss of capital is possible and the airbag mechanism does not guarantee against it. Investors also bear the credit risk of the issuer. Past performance is not indicative of future results. Please read the listing documents before investing. Rewards are provided by Longbridge and are subject to campaign terms; cash rewards have no bearing on any investment decision. *Source: Société Générale DLC investor education materials; Bloomberg (as of 30 June 2026)* ### Related Stocks - [SLV.US](https://longbridge.com/en/quote/SLV.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [S68.SG](https://longbridge.com/en/quote/S68.SG.md) ## Comments (316) - **Weii · 2026-08-21T13:40:24.000Z**: Trading DLC gold allows you to capitalize on confirmed price trends for a 5x profit, akin to a small knife chopping down a big tree. By analyzing gold forecasts from major investment banks like Goldman Sachs, central bank gold purchases, and candlestick charts, you can more accurately determine gold - **Gemini · 2026-08-21T12:28:38.000Z**: DLC Community DiscussionWhat are your thoughts on the current direction of DLC? 🎮There’s been a lot of discussion around whether DLC should focus on expanding the core experience, introducing meaningful new content, or offering smaller additions that keep the community engaged.Personally, I think th - **NewUser_waiting · 2026-08-21T12:19:05.000Z**: As US government debt continues to balloon, massive USD issuance to dilute that debt is inevitable, suggesting the gold bull market is far from over. - **NewUser_Kg · 2026-08-21T10:00:23.000Z**: Anyone know how to make high quality content? - **Markuzzzz · 2026-08-21T09:03:30.000Z**: i want to create a high quality post - **UpOnly · 2026-08-21T08:13:16.000Z**: With volatility way down on gold and silver, DLC can help to amplify returns. However, DLC is for you trade and not to buy and hold like stocks and ETFs. That’s the rookie mistake I made when the underlying stock had recovered but DLC nowhere near breakeven price. - **pauline · 2026-08-21T07:19:50.000Z**: I find the gold and silver DLCs interesting because they offer a way to take both bullish and bearish positions without having to trade futures directly. What stands out to me is the daily reset the leverage isn’t simply “5x the long-term return”, so volatility and compounding can have a big impact - **ZJJJJJJ · 2026-08-21T06:10:01.000Z**: oil price up, gold price drop. let say in this way - **dxm · 2026-08-21T06:09:39.000Z**: 🥈🥇 Gold vs Silver — which is more interesting?Gold is the obvious safe-haven play, especially with the Fed, USD, bond yields and geopolitical tensions moving markets. Gold has recently benefited from a weaker dollar and lower yields.But personally, silver is more interesting. It has two sides: monet - **ET007 · 2026-08-21T05:20:37.000Z**: Gold will always rise....as limited global supply whatever happens to equity mkt - **pawan · 2026-08-21T05:05:30.000Z**: Yeah good one . - **马上发财18660 · 2026-08-21T03:03:33.000Z**: War will only drive gold and silver prices higher; that's what a hard currency is! - **linnthit · 2026-08-21T00:23:32.000Z**: As a new investor looking at these, the 3x to 5x leverage on gold and silver definitely catches the eye for magnifying short-term moves.However, the mention of daily leverage resets and overnight holding costs is a huge reminder that these DLCs are strictly tactical trading tools, not "buy and h - **mike · 2026-08-21T00:11:43.000Z**: Is gold and silver metals a good investment? Or would gold and silver mining companies be a better investment? - **Jackkkkkk · 2026-08-20T15:05:27.000Z**: Gold and silver DLCs remain attractive investment propositions, particularly as precious metals continue to benefit from their role as a hedge against inflation, currency volatility and broader macroeconomic uncertainty. Gold generally offers greater defensive and wealth-preservation characteristics - **Khar Khuen · 2026-08-20T14:54:44.000Z**: DLC on SGX are great tools for tactical short-term hedging, especially with the clear daily leverage mechanism. The key for trading DLC, especially volatile assets like metals is strictly managing holding periods to avoid the compounding decay effect in a sideways market. Good risk control + quick e - **Ben 25 · 2026-08-20T12:24:35.000Z · 👍 1**: I was inspired from the sharings here and will like to provide a summary of what I learnt too.Key Takeaway: 1. Position sizing and strict risk management are vital because daily reset compounding causes volatility drag over time. 2. While SGX DLCs offer higher leverage during Asian trading hours, US - **Nick · 2026-08-20T08:08:31.000Z · 👍 1**: I did a trial of this on AAPL, but will continue to monitor if I can profit from this for the long-term. - **jqllee · 2026-08-20T08:02:15.000Z · 👍 1**: Having invested in GOLD options. It is voilatile like other investment. It spread longer terms e.g. months of leverage but with interest. DLC is short term and looks interesting with potential lower risk. --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**