(1). Dominate the market. Refers to the market where price formation and trading volume changes play a leading role in other gold markets. These markets mainly include London, new york, Zurich, Chicago and Hongkong.
(2) Regional market. Mainly refers to the limited scale of transactions, and most of them are concentrated in the local area, which has little impact on the whole world market. These markets mainly include Paris, Frankfurt, Brussels, Luxembourg, Singapore and Tokyo.
2. According to the different types and ways of trading, it can be divided into spot trading and futures trading.
The so-called spot transaction refers to a transaction method in which both parties complete the transaction and deliver it within two business days.
The so-called futures trading refers to a trading method in which both parties make delivery at a certain time in the future according to the signed contract. In the European market where transactions are conducted by telephone contact between peers such as London and Zurich, spot transactions are the main ones; The American market with specific trading places, such as new york, Chicago and Hongkong, is dominated by futures trading.
3. According to the management level of silver trading, it can be divided into free trading market and restricted trading market.
(1). Free trade market. Refers to the silver market where silver can be freely imported and exported, and residents and non-residents can freely buy and sell, such as Zurich.
(2) Restrict the trading market. It can also be divided into two situations: one is the silver market, where the import and export of gold is generally controlled, and only non-residents are allowed to buy and sell freely, but residents are not allowed to trade freely, such as the London market1979+00 before the UK abolished all foreign exchange controls in June; The other is the domestic silver market that controls the import and export of silver and only allows residents to buy and sell freely, such as the Paris market. But this does not mean that it has no connection with the international silver market. In fact, silver can also flow in, and the transaction price of silver affects each other.
This article is taken from precious metals in official website and Jiangsu, where you can learn more about silver investment.