Silver futures refer to futures contracts with silver price as the subject matter at a certain point in the future. Silver futures contracts are standardized futures contracts, which are formulated by the corresponding futures exchanges. The detailed silver specifications, silver quality and delivery date are clearly stipulated above.
Silver futures market
Domestic silver futures were listed on Shanghai Futures Exchange on May 12. Thus ending the history that China, as a big producer and consumer of silver, has no right to speak on price for a long time. In the international market, the famous silver futures transactions are London Metal Exchange and new york Metal Exchange, and their silver futures prices always reflect and predict the price changes of spot silver.
The price of silver is rising gradually. Many investors invest in silver in various ways, including silver spot, silver futures and silver deferred trading. Many domestic investors are full of expectations for domestic silver futures, among which leverage and two-way trading attract investors.
On may 2012 10, silver futures was officially listed in the previous issue, which is also the second precious metal futures product listed in China.
Advantages of silver futures
The advantages of silver futures can be summarized as follows:
1, the contract design size is moderate.
If the price of silver is 6-7 yuan/gram, the value of a silver futures contract is between 90,000 yuan-10.5 million yuan. If the margin stipulated by the futures company is 12%, it is generally around 10000 yuan. Compared with Japan and India, the trading unit of silver futures contracts in the United States is relatively large. Compared with most varieties, the scale design of domestic silver futures contracts is quite satisfactory.
2. It is conducive to improving the efficiency of hedge funds.
There are four stages in the listing operation of silver futures contracts: 7%, 10%, 15% and 20%, which are the same as the design of gold futures. This design is different from the multi-scale proportion of copper, aluminum, lead, zinc, rebar and wire. Simplifying the trading margin ratio and reducing the maximum ratio is conducive to improving and optimizing the use efficiency of silver futures hedging funds.
3. There are slight changes in the design of the daily limit system.
When D 1 and D2 trading days meet the unilateral price limit of silver futures in the same direction, D2 silver futures contract will increase by 6 percentage points on the basis of D 1 price limit range, which is 1 percentage point higher than the price limit range of gold, copper, aluminum, lead, zinc, rebar and wire rod.
4. Conducive to corporate hedging.
In the design of position restriction system, silver futures contracts are limited to 600 lots within the delivery month by members and customers of non-futures companies, which is higher than the 300 lots stipulated in gold futures, which is beneficial for silver-related enterprises to participate in hedging.
Attention should be paid to silver futures investment
Silver futures investment should pay attention to three aspects:
First of all, we should clearly grasp the law of silver price fluctuation, which is characterized by high fluctuation. The fluctuation range of silver price is not only greater than that of gold price, but also the abnormal fluctuation of silver price is more, bigger, more random and more risky.
Second, we should pay attention to the risk characteristics of futures investment. Margin trading and debt-free settlement systems require investors' fund management ability;
Thirdly, according to the characteristics of safe-haven assets and risky assets of silver and the principle of futures trend trading, the trading direction and entry opportunity should be reasonably selected.
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List of basic knowledge of silver futures