Silver is divided into international silver (USD quotation) and silver TD (RMB quotation) according to different quotations. The difference between the two is the premium after conversion according to the exchange rate. The higher the premium of silver TD, the more resistant silver TD is.

Reasons for silver premium: domestic tariff policy will lead to silver premium; Silver trading time will generate a premium (24 hours for national silver trading, the longest trading in China 10 hour); Different demand will generate a premium, and the domestic demand for silver is huge.