Spot silver, like gold, is an investment commodity that can be bought and sold 24 hours a day. The world's major markets include London, Zurich, new york, Chicago and Hongkong.

As early as the17th century, physical and futures silver were bought and sold in London. The London market set a fixed price every day, allowing buyers and sellers to settle accounts at the fixed price. Although London is still the most active physical market, most transactions are based on contracts (paper and silver? ) appears in the form of COMEX market in the United States, and the spot price of silver is set by COMEX.

Spot silver handling fee: 50 USD/lot. The transaction cost of customers is $300/lot.

The minimum contract for domestic spot silver is 15 kg, and the handling fee is generally eight ten thousandths. For example, the investor's opening price is 7,000 yuan/kg, and the handling fee for opening the first-hand silver position is 7,000 * 15*0.0008 = 84 yuan, while the closing fee is calculated according to the closing price *15 * 0.0008, so the two parties add up to the transaction fee for the first-hand silver.

If you stay overnight, of course, you have to calculate the overnight fee, which is two ten thousandths of the last price calculated the night before.