What exactly does silver T+D mean? If it is similar to futures, how long will it take? Why is the deferred price of silver higher than the spot price? silver

Silver T+D is the deferred delivery business of spot silver. Unlike futures, it has no fixed delivery period and can be held indefinitely. The deferred price of silver is not necessarily higher than the spot price. Deferred silver can be delivered, but the delivery quantity must be an integer multiple of 15 kg, and silver T+d can also be arbitrage hedged.

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