"China Industrial and Commercial Bank Paper Silver" is a kind of personal voucher silver and a new precious metals investment variety after paper gold in Chinese mainland. It belongs to China Industrial and Commercial Bank, which deals in precious metals of wealth management products. Investors buy and sell "virtual" silver on the books according to the bank quotation, and individuals earn the fluctuation price difference of silver by grasping the international silver trend. Investors' transaction records are only reflected in the "silver account" opened by individuals in advance, and no physical silver is withdrawn for delivery.
At present, the only platforms that can trade paper and silver in the domestic market are ICBC and China Construction Bank. The price change of paper and silver comes from the fluctuation of international silver price. Therefore, the trading time of paper and silver is the same as that of international silver (except holidays): it opens at 6:50-7:00 on Monday morning and lasts until 4: 00 on Saturday morning, with 24-hour uninterrupted trading.
Transaction cost: The minimum transaction volume of ICBC paper and silver is 100g, so the transaction cost is the current paper and silver price (such as 3.8 yuan /g) multiplied by 100g, which is the transaction cost (i.e. 3.8 yuan /g* 100g=380 yuan).
Transaction costs: theoretically, ICBC does not charge transaction costs, but we regard the difference (or price difference) between the buying price and selling price of ICBC paper and silver as the transaction costs of paper and silver investment; At present, the paper-silver spread of ICBC is 0.04 yuan.
At present, ICBC can trade in both directions, and can buy up or down. As long as there are fluctuations, there are trading opportunities, while CCB only buys up, and the ups and downs are the same.
Remind everyone that ICBC does not need to participate in the delivery of physical silver, and the investment threshold is very low, just over 5 00 yuan. However, it charges a transaction fee, which is not low. Take ICBC as an example, its silver trading business is charged according to the price difference, and the unilateral price difference is charged according to 1% of the investment, while gold is only 0.3%, which means that only the price of silver has changed by 2%. Investors can only make a profit by selling the silver in their accounts. In addition, the price of silver fluctuates greatly, which is suitable for short-term operation. ICBC should pay attention to the following aspects: low investment threshold, high transaction fee rate and large fluctuation of silver price. Paper and silver are suitable for short lines. High returns also mean high risks. Judging from the data of the past two years, the annual fluctuation of gold is around 20%, while that of silver is as high as 40%, so people in the industry also remind paper and silver investors.