1, leading 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.
Two, according to the different types of transactions and trading methods, 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.
Due to the differences in the transactions and types of spot silver, the spot silver market shows an international trend, so there are two international spot silver groups: one is London-Zurich Group, and the other is new york-Hongkong Group (including Chicago). The cooperation between these two groups is very close, and they jointly manipulate the world spot silver market. Among them, the role of London spot silver market is particularly prominent, and the spot silver trading and quotation in this market is still a "barometer" reflecting the world spot silver market.