How to convert spot silver price into RMB price? Many people think where is the best place to invest in spot silver? However, there is an inconvenience. That is, spot silver is not priced in RMB. It is a global investment variety, and due to various reasons such as World War II, the United States became the world's hegemon. Of course, spot silver must be priced in US dollars. Therefore, , many investors believe that pricing in US dollars is more intuitive than pricing in RMB. The editor can only say that in the future, China's financial development will get better and better!

The price of silver changes with the price of international silver. The international market refers to the price of silver on the London Silver Exchange in the United Kingdom. In 1804, London replaced the Amsterdam Exchange in the Netherlands as the center of world silver trading. In 1919, London The silver market was officially established, and silver pricing was conducted twice a day in the morning and afternoon. The five major gold banks set the market value of silver on that day, and this price has always affected transactions in New York and Hong Kong. The main silver suppliers in the market were South Africa. Before 1982, the London spot silver market mainly operated Silver spot trading, in April 1982, the London silver futures market opened. At present, London is still the largest silver market in the world.

The international silver quotation is US dollars per ounce, 1 ounce = 31.1035 grams. Know that every After the ounce is equal to how many grams, the daily exchange rate of RMB against the U.S. dollar can be used to calculate the price of silver per gram in RMB. The exchange rate of RMB against the U.S. dollar can be seen on the daily signboard price of the People's Bank of China. The conversion formula is international silver ÷ 31.1035 × the exchange rate of RMB against the U.S. dollar. .With this formula, you can easily convert the spot silver price.