Spot silver , also known as international spot silver or London silver , is a contract-based transaction that uses the principle of capital leverage. It is not like the one-hand delivery and one-hand delivery that we usually say, but requires the completion of the delivery procedures within 1 to 2 working days after the transaction is completed, but some investors do not carry out the actual delivery of silver after the transaction, but only to Close the position to earn the difference profit. Spot silver is traded in dollars and contracts in ounces, and the price changes with the market.
Spot silver is traded in dollars and contracts in ounces, and the price changes with the market. The transaction weight is in 1 ounce, which is 1 lot, and the transaction is in 100 ounces or its multiples. Investors can use the price of 1 ounce to buy the trading rights of 100 ounces of silver and use the trading rights of 100 ounces of silver. Buy up and sell down, earn the difference profit in the middle, electronic spot home has related introduction.
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Basic knowledge
Trading varieties: spot silver (internal disk)
Trading unit: 1kg/hand, 10kg/hand, 15kg/hand, 50kg/hand, 100kg/hand, etc.
Margin quotation unit: 1, 10, 15, 50, 100 kg, etc.
Minimum to maximum price changes: 10 yuan/10 kg, 50 yuan/50 kg, 100 yuan/100 kg
Maximum daily price fluctuation limit: Unlimited
Trading hours: 24-hour uninterrupted trading (2-hour domestic settlement time)
Transaction method: T+0 two-way transaction
Delivery grade: domestic silver ingots with a gold and silver content of not less than 99.9% and standard silver ingots produced by qualified suppliers or refineries recognized by the London Bullion Market Association (LBMA) recognized by the exchange
Transaction fees: Different exchanges have different fees