1, with different contract units, the trading volume of spot gold per lot is 100 ounces; Spot silver has a trading volume of 2,500 ounces per lot.
If you choose to invest in Chinese mainland's spot silver varieties, the contract unit and margin ratio of spot silver launched by different exchanges are also different. The contract unit of spot gold is calculated in grams, and the contract unit of spot silver is calculated in kilograms, which can be divided into 1 kg/hand, 5 kg/hand, etc.
2. Different from the lowest fluctuation range, the lowest fluctuation range of spot gold is 0. 1 USD, and that of spot silver is 0.0 1 USD.
3. The transaction price difference is different. The trading spreads of spot gold and spot silver are 0.5 and 0.03 respectively.
In addition to the differences in trading rules, there are also differences in the ups and downs of spot gold and spot silver.
4. Due to the different trend of K-line, the volatility of K-line chart of spot gold is lower than that of spot silver. Because the value of spot silver is lower than that of spot gold, the trading volume and capital in the global spot silver market are also lower than that in the spot gold market. If a large amount of money is invested in the silver market, it is easy to cause large fluctuations in the price of silver, that is to say, the spot silver market is more easily guided by the trading instructions of large funds.
5. Because the industrial property of silver is greater than that of gold, the price trend of spot silver will be affected by industrial demand. Therefore, when analyzing the price trend of spot silver, we should also pay attention to the economic data of major industrial silver countries in the world, such as China and Europe, and the financial attribute of gold is greater than that of silver. Therefore, we should pay attention to the exchange rate changes of major global currencies, such as the rise and fall of the US dollar against major non-US currencies.
The above is the difference between spot gold and spot silver, mainly reflected in the different trading rules, including contract units, point volatility and trading spreads; In addition, the factors that affect the price trend of spot gold and spot silver are also different. When we choose spot gold and spot silver for investment, we must distinguish the subtle differences between them and choose products that meet our investment needs according to the differences.