I. Spot silver trading business of Shanghai Silver Exchange. At present, this silver spot transaction is the only platform in China that can do silver spot deferred delivery business. Many domestic commercial banks are its member units, and investors can participate in the spot silver investment of Shanghai Gold Exchange by opening accounts in these commercial banks.
2. Overseas silver spot trading business. As we all know, the spot deferred delivery of silver originated overseas, such as the London silver trading on the London Gold Exchange. Because these trading platforms have no formal agency in China (Mainland) and there is basically no government supervision in Hong Kong, many small investment consulting companies attract domestic investors under the banner of acting as "Bank of London". There is no guarantee to participate in this spot silver investment, and it is easy to be deceived into thinking that you are investing in "London silver", but the essence is the "internal silver" that we will talk about below.
Third, intraday silver futures trading. As the name implies, internal silver futures trading is that some domestic criminals create a closed trading platform similar to overseas silver spot platforms under the banner of "London Silver" and other external silver spot platforms. In fact, the funds invested by investors do not flow overseas, but gamble with the bookmakers on this closed trading platform.
In the process of operation, these bookmakers use their own advantages to master the platform and deliberately create a network that is not working well, so that investors can't sell it when they make money and liquidate when they lose money. More than 95% of investors who participate in this internal silver futures trading will lose money.
How to prevent illegal silver futures: remind investors who want to invest in spot silver that they must carefully choose agents and different silver spot trading platforms before investing, and try to choose major commercial banks to open accounts to engage in legal silver spot trading platforms of Shanghai Gold Exchange. Be cautious about some so-called investment consulting company agents.