As long as it is a normal trading day, the trend of spot silver prices will fluctuate almost 24 hours a day. The market trend will change due to the influence of various political and economic factors. Sometimes the price fluctuations can be as high as 100% in a day. Two or three dollars can sometimes fluctuate within a narrow range for several weeks, with only a few dozen cents left.
The price trend of spot silver is constantly fluctuating. Before entering the market, investors should clearly know that the smallest unit of price change is US$0.001. Since one lot represents a contract of 5,000 ounces, every time the price fluctuates by one minimum unit, one lot of contract holds The total value will fluctuate by $5.
Since spot silver has a mature two-way trading mechanism and also adopts the T+0 system, investors can open and close positions unlimited times in a day. Many investors mainly use short-term operation strategies, but when judging When entering the market, you must consider the spread factor and its impact on trading profits and losses.
Since the current spread on the Hong Kong spot silver trading platform is about US$0.04, and it has been directly reflected in the cost price when opening a position, there is no need to consider this factor when closing the position. Investors are best to choose those whose expected volatility is much greater than the spread. Don't enter the market when the market is too calm, so as not to lose your investment principal due to transaction fees.