Shanghai Silver Exchange focuses on silver T+D, which is a variety with certain spot attributes and uses futures trading mechanism for trading. Silver futures are mainly characterized by forward prices, large turnover and active trading. Focus on hedging and price discovery.
The trading rules of the two varieties are relatively close; They are charged in different ways. T+D is a point extension. In addition to the transaction fee, there is also an extension fee for overnight positions. Futures trading only charges lower transaction costs, which is more suitable for investment. The members of T+D are mostly comprehensive commercial banks, and the members of Silver Futures are professional futures brokerage companies. The former's service scope is too comprehensive, while the latter focuses on investors' trading services, so the service ability is naturally different.