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Is it approved by the state to speculate in spot silver? Is it legal? Is the handling fee particularly high?
It is legal in China, and precious metals investment companies need qualifications, that is, they need relevant government approval. It is illegal to engage in business activities in precious metals investment without qualification.

At present, there are not many truly legal precious metal exchanges in China. Only tianjin precious metal exchange, Guangdong Precious Metals Exchange, Shanghai Gold Exchange and Shanghai Futures Exchange have been approved and certified by the State Council. These are world-class precious metal exchanges, and these four are of course truly legal precious metal exchanges.

Handling fee calculation:

What is the first-hand handling fee for spot silver?

How much commission do I have to pay for silver? You have to bear eight ten thousandths of the two-way handling fee, which means you need to pay the transaction rate of 16.

For example, a customer shorted silver in 5469 and closed his position in 5400. How much is the handling fee?

Jiancang 5469* 15*0.0008=65.6 yuan.

Closing at 5400* 15*0.0008=64.8 yuan.

Generally speaking, the day's operation is not a delay fee, and the customer has to pay a handling fee of 130.4 yuan (excluding the spread) first hand.

How much risk will be reduced if the commission is calculated according to five ten thousandths?

The calculation is as follows:

Jiancang 5469 *15 * 0.0005 = 41yuan.

Closing at 5400* 15*0.0005=40.5

Taken together, the day's operation is not a delay fee, and the customer only needs to pay 8 1.5 yuan first-hand.

Gap: 130.4-8 1.5=48.9 yuan.