The settlement price of spot silver is not equal to the closing price of spot silver. The settlement price of spot silver refers to calculating the profit and loss of each open position according to the average price of the day after the daily closing. Usually, the settlement price of spot silver is the average of the buying price and selling price before the closing of the trading day.

For example:

When the price of spot silver is 1 1,000 yuan/kg, the buying price is 1 1,006,5438+0 yuan/kg and the selling price is 1 1,005 yuan/kg, the settlement price of spot silver is (1 1,006.

Why is there a settlement price?

Because the profit and loss settlement methods of futures and spot markets are based on the settlement price. Different from the domestic stock market, the settlement price of futures and spot is a weighted average price based on the price fluctuation of the day, in which the settlement price of futures is a weighted average price of the trading price of the day according to the volume.

Mainly to control the risk of the market, because the futures and spot markets are mostly margin trading models, and the market has high leverage. Because trading is based on the principle of leverage, a price change of 1% may result in a profit and loss of leverage multiple. Therefore, in order to prevent the excessive impact of prices on the market or malicious manipulation of the market under special circumstances, the weighted transaction price can be used as the settlement price, which can largely avoid the influence of these factors.