Spot silver, also known as international spot silver or London silver, is a contract transaction based on the principle of capital leverage. Different from what we usually say, it requires the delivery procedures to be completed within 1 ~ 2 working days after the transaction is completed, but some investors do not actually deliver silver after the transaction is completed, but just close their positions at maturity to earn the difference profit.

The difference is:

1, trading system. Spot silver and futures are both margin trading systems. When buying a spot silver contract, you only need to spend a small amount of margin to operate. Paper and silver are paid in full;

2. Transaction type. From the perspective of trading rules, spot silver is suitable for short-term operation, paper silver is suitable for mid-line operation, and futures is suitable for medium and long-term operation;

3. Quotation unit. Spot silver quotation unit is USD/oz, paper silver quotation unit is RMB/g, and futures quotation unit is RMB/kg, ton;

4. Investment risk. Spot silver and futures are both based on the principle of capital leverage, which is small and wide, and the capital is magnified many times. Although it is beneficial to profit, the risks borne by investors will also increase; Paper and silver are equivalent transactions and are not easy to explode;

5. Market environment. Spot silver relies on the international spot silver quotation, completely in accordance with the development law of the silver market, and there is no possibility of manipulation behind the banker; Paper silver is the price adjusted by domestic banks according to the international silver quotation, which is biased and not transparent enough. Futures price refers to the price of the subject matter of futures contracts formed through open bidding in the futures market.