From the business model, as a deferred spot trading product, the business model of silver T+D is basically the same as that of gold T+D, and its trading unit is 1 hand =1000g. Silver T+D is also a personal silver trading product promoted by major commercial banks at present. Many banks such as ICBC, Xingye, Minsheng, China Everbright and Shenzhen Development Bank can provide silver T+D services for investors.
The most attractive part of silver T+D trading is undoubtedly its leverage mechanism, and investors can use leverage characteristics to gain the amplification of investment funds. According to the regulations of Shanghai Gold Exchange on risk control, the minimum margin ratio of T+D products is 15%, which means that silver T+D can provide investors with 6.6 times of capital leverage at most. For example, if the price of silver is 6600 RMB/kg, investors can invest in primary silver with 6.6 times of capital leverage, and the investment threshold is much lower than gold T+D..
The handling fee of silver T+D is calculated according to the transaction amount, and different banks offer different standards to different customers, but the handling fee generally ranges from 0. 13% to 0. 18% of the transaction amount. Because the T+D business of commercial banks has not been launched for a long time, in order to seize market share, the competition for handling fees is also full of gunpowder. For example, the precious metal T+D business just launched at the end of 2009 is deeply developed, and the transaction fee of silver T+D business can be as low as 50%. At the same time, for customers with large transaction volume or VIP customers, many banks also have preferential handling fees. Investors may wish to make more comparisons when choosing an account bank to reduce their transaction costs as much as possible.
It should be emphasized that in the silver T+D business, the handling fee is determined according to the transaction settlement amount, so the actual rate should be enlarged synchronously according to the margin leverage. For example, with the margin ratio of 1: 1, the transaction amount is equal to the actually invested capital, and the rate is 0.13% ~ 0.18%; If the deposit is doubled, the actual rate will be doubled by the same proportion, and so on.
In terms of trading time, the silver T+D business is open every Monday to Friday (except national statutory holidays and closed days announced by the exchange) in three periods: morning, afternoon and night market. 09: 00 ~ 1 1: 30, 13: 30 ~ 15: 30 and 20: 50 ~ 2: 30 respectively. Like gold, the night market (that is, the opening trading time of the American market during the day) is also the most jumping time for silver trading.
It is the above characteristics of T+D products that many people will compare T+D products with futures. But at present, there is no such trading variety as silver in the domestic futures market. Although the relevant departments have listed silver as a new variety of futures trading, in the short term, silver T+D is still regarded as an alternative product of silver futures.
As the price of silver fluctuates greatly, investors who are not familiar with silver and leveraged trading are advised to participate cautiously. When investors trade in silver, the key is to grasp the position and have a sense of stop loss. In particular, investors who have just entered the industry do not have a keen eye for quick trading, so they should keep more reserves. When there is a loss due to misjudgment, investors should immediately stop and leave.
For investors with less risk tolerance, 1: 1 margin can be used in the use of leverage, which is equivalent to converting silver T+D into paper silver products that can be operated in two directions, which is more flexible than paper silver that can only be bought in one direction, and the transaction cost is much lower than paper silver.
It is worth mentioning that, unlike ordinary commercial banks operating silver T+D business on personal online banking, SDB has an independent personal precious metal trading client named "Jujinbao", on which investors can conveniently and quickly conduct physical gold and silver trading varieties (Au99.99, Au99.95, Au 100g) and margin gold and silver trading varieties (Au (.
Physical silver: long-term investment is the most suitable
Icbc's account silver and the gold exchange's silver T+D are "on paper", so it is impossible to actually deliver silver. Accordingly, gold shops and gold and silver companies launched investment silver bar products. Compared with the silver bars commonly collected in the market before, the investment silver bars and bricks have simple technology and small premium. At the same time, it provides a channel for investors to buy back. So there are not a few investors who buy investment silver bars.
Just like when buying gold bars, we will find that the sales prices of different gold bars are very different. The reason is that according to the processing and technology of gold bars, gold bars will increase a certain percentage of premium on the basis of the price quoted by the gold exchange when they are sold. For silver bars, there is also a "premium" problem. At present, the main suppliers of silver bars in the market come from gold and silver products enterprises, and they also adopt the same principle when setting the sales price of silver bars. If you buy silver bars for the purpose of investment, the first choice is naturally standard silver bars with relatively simple technology, and the premium of these silver bars is relatively low, which is more in line with the investment needs.
However, after comparing several main investment silver bars and repurchase channels in the market, we can find that the cost of investing in silver by using physical products is relatively high. These products are not a good choice if the investment purpose is simply to obtain the price difference from a short-term perspective.
For example, the stored-value repurchased physical silver bar "Huatong Yin Bao" produced in Shanghai Huatong Platinum and Silver Trading Market has the main product specifications of1000g and 3000mg. The transaction price of Huatong Yin Bao is subject to the spot settlement price of the national standard 1 silver in Huatong Market on that day, in which the selling price of silver bars is the spot settlement price of Huatong Market International 1 silver on that day plus 0.50 yuan/gram, and the repurchase price of silver bars is the spot settlement price of Huatong Market International 1 silver on that day minus 0. 15 yuan/gram.
Taking the spot settlement price of silver in 6 yuan/gram as an example, we can see that the selling price of silver bars is 6.5 yuan/gram, the repurchase price on that day is 5.82 yuan/gram, and the handling fee paid by investors is 0.68 yuan/gram, which is 1 1.33% of the settlement price on that day. For other investment articles, such as the investment articles introduced by Zhongdu Bank and Baoquan Coin, the investment cost is about 10% of the silver settlement price. It can be seen that it is obviously more cost-effective for investors who want to earn the difference by investing in physical silver bars in the short to medium term.