I. Definition of spot silver
Spot silver is also called international spot silver and smart silver. Instant trading, that is, delivery on the day or a few days after the transaction is completed, has no delivery deadline. Like gold, silver is a global financial product. The daily trading volume of spot silver is huge, with a daily trading volume of about 20 trillion US dollars. Therefore, no consortium or institution can manipulate such a huge market artificially, relying entirely on the spontaneous adjustment of the market. There is no banker in the spot silver market, and the market is standardized, self-disciplined and sound.
Second, the way of silver trading:
The minimum transaction unit of Ag99.9 of Paper-Silver Gold Exchange is 1 lot, 1 lot is15kg, and the transaction fee is three ten thousandths.
Gold exchange Ag(T+D) delayed the delivery of trading products for d days, 1 lot 1 kg, and the transaction fee was three ten thousandths.
24-hour trading system of spot trading precious metals exchange T+0. The third-party depository system ensures security.
Third, the investment characteristics of silver
1, the price of silver bars is close to the spot price of silver, which can closely follow the fluctuation of international futures market and domestic spot market prices;
2. It is very convenient to realize sales;
3. Silver has the dual advantages of special credit currency attribute and industrial metal commodity attribute, which can not only resist inflation, but also realize asset preservation and appreciation, and is suitable for holding investment in the medium and long term.
Fourth, the factors that affect silver investment.
The most direct impact on the silver market is the US dollar exchange rate and inflation expectations. , including economic cycle, industrial silver, etc. Therefore, the price fluctuation of silver is greater than that of gold, and the opportunities and risks are also greater.
Gold is suitable for investment and silver is suitable for speculation.
Verb (abbreviation of verb) The future development trend of silver investment
For the future trend, silver may be underestimated, and the disparity in the price of gold and silver indicates that silver has considerable room for growth.
1. There is a strong demand in precious metals investment, and silver and gold are highly correlated: the continuation of the financial crisis is not over, and more concerns about the whole euro mechanism are behind the European debt crisis. Similar to gold, silver also has the properties of asset preservation and risk avoidance. From the historical statistical analysis, the prices of silver and gold are highly correlated, and the correlation coefficient is as high as 0.92 from 20 10 to now.
2. The supply of silver will increase steadily in the future, and the global demand will remain stable: the supply and demand of silver will remain relatively stable in the future. It is estimated that the silver supply will increase by about 3% in 20 1 1 year, and the average growth rate of major industrial demand will be about 3% in the next two to three years. Jewelry demand may decrease slightly, and the global demand growth rate is about -0. 1%. With the increase of export and downstream demand, the situation of oversupply in China has been alleviated, and supply and demand will increase steadily in the future. By analyzing the supply and demand situation of silver market at home and abroad, the driving force of silver price increase mainly comes from the increasing investment demand year by year, and the special properties of precious metals will go up synchronously with the price of gold.
3. The ten-year bull market of precious metals is coming, and silver will keep up with the pace of gold: in the past two decades, the world has experienced two rounds of price bull markets. The first round is the stock market bull market that lasted for ten years in the 1990s, and the second round is the big bull market of assets and resources that appeared in recent ten years. In the next decade, under the adjustment of the global international monetary system, gold is expected to show a bull market in the next decade. As a precious metal attached to gold, silver has basically followed gold in history, and its precious metal temperament will be synchronized with gold in the next decade.
Sixth, the factors pushing up the price of silver.
1, investment demand, silver usually plays a dual role as a safe-haven asset and industrial metal, and having these two characteristics will greatly boost the price of silver. With the advantages of silver investment gradually emerging, more and more investors choose silver. Silver, which is usually considered undervalued, is attracting hedge funds and other short-term investors.
2. Supply decreases and demand increases.
Silver, like gold, has both commodity and monetary attributes. The difference is that the commodity property of silver is stronger than the monetary property. Statistics show that the quantity and supply of silver are rapidly decreasing, while the demand for silver is obviously increasing.
3. Investment attributes gradually return.
In human history, both gold and silver have been used as the most important currencies, and silver has become an international currency before the pound and the dollar. In the long feudal era, the monetary system in China used to implement the silver standard for a long time, from silver ingots in previous dynasties to various versions of silver dollars in modern times. Silver has played an important role in China's monetary history.
With the evolution of history, the monetary attribute of silver gradually faded out of the world economic stage, but its investment attribute as a precious metal kept its lasting vitality.
4. Gold has a price effect.
Compared with gold, the investment value of silver is also obvious. According to statistics, in 1940, the world gold stock was 100 billion ounces, and it increased to 5 billion ounces in 2009. 1940 had 10 billion ounces of silver, but now it is only about 10 billion ounces. The stock of silver was 10 times that of gold 70 years ago, and now it is only15 of gold. With the decline of world silver stocks, the growth of silver supply in the future will not meet the growth of demand, so many experts believe that its current value is seriously underestimated.