Is it illegal to speculate in silver?

Legal. It is not illegal to invest in formal channels, such as banks and formal exchanges, but investing in other channels is another matter.

Domestic investors participate in these so-called overseas agents' underground silver transactions, which are not protected by law. In case of disputes, it is difficult to protect their rights.

Underground silver trading is mainly based on 24-hour international silver trading, with high leverage ratio and two-way trading. There are profit opportunities for ups and downs, stop loss and take profit, and even exemption from handling fees and commissions to attract and fool investors.

Some underground silver speculation companies make illegal profits through "sliding point trading" and even through gambling with investors. Their speculation, concealment and deception make investors hard to prevent, and investors often have no way to complain after losing money.