What is the difference between gold and silver:
- Different products: At present, most of the silver in the market is produced as a subsidiary product of copper, zinc, lead, gold and other metals, while gold is mined as an independent product. The amount of gold that can be mined globally is decreasing year by year.
- Price difference: Silver is generally referred to as “poor man’s gold”, and its price is much lower than that of gold. The volatility of silver price is much higher than that of gold price.
- Different demand: a large part of silver demand is from industrial demand, accounting for about 40%. Instead, gold demand is largely driven by pure investment demand and jewellery demand, with supply and demand also contributing to the volatility of silver and gold prices. At present, the relatively common silver and gold investment products in the market include physical silver/gold, paper silver/gold, silver/gold futures, silver/gold TD and spot silver/gold, etc. Investors can choose suitable products for investment and trading according to their actual needs.
Advantages of gold betting: 24-hour T+0 trading, two-way trading, margin leveraged trading, low investment threshold and fast return. In addition, gold has a low correlation with other assets, so it has a good hedging effect when the global economy is unstable.
Silver investment advantages: 24 hours T+0 trading, two-way trading, margin leverage trading, low investment threshold, fast return, but due to the volatility of silver price, compared with gold investment, silver investment risk is greater.