The price formation mechanism is different. The price of futures trading is formed in the exchange, and the price is formed by all traders. Investors with funds can completely control the price. The trading quotation of the spot listing settlement mode is basically consistent with the international gold price, which is completely fair, just, open and uncontrollable.

Deferred silver trading is two kinds of silver trading in Shanghai Gold Exchange, namely spot variety Ag99.9 and deferred variety Ag(T+D). The deferred transaction of Ag(T+D) is in the form of margin, and the physical object corresponding to each contract is 1 kg, giving priority to price and time. Transactions can be bought and sold in both directions or delivered in kind.

Silver futures refer to futures contracts with silver price as the subject matter at a certain point in the future. Silver futures contracts are standardized futures contracts, which are formulated by the corresponding futures exchanges. The detailed silver specifications, silver quality and delivery date are clearly stipulated above.