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Spot gold and silver trading

Spot gold and silver

As a long-term investment product, trading and holding physical precious metals are very popular among individual investors in recent years. With its huge trading market, flexible trading methods and simple trading operation, both experienced investors and gold investment entrants can take advantage of product advantages to obtain rich profit opportunities.

Spot gold
Spot gold, also known as London gold, is named for its origin in London. Spot gold trading is a contractual trading based on the principle of capital leverage. The pricing is in "USD / oz" and the trading is settled in USD. Since it is not necessary to extract physical gold for trading spot gold, the transportation, storage, inspection, identification and other steps of physical gold are omitted, and the difference between the buying price and the selling price is also less than the difference between the buying and selling price of physical gold. At present, ITE Company provides you with XAU / USD trading products.
Spot Silver
Spot silver, also known as London Silver, like spot gold, is a 24-hour trading lever and an investment product. The price of silver is mainly affected by the relationship between supply and demand. In recent years, silver has been in short supply, which makes the fundamentals of silver stronger, and the price fluctuates more than many other metals. At present, ITE Company provides you with XAG / USD trading products.
Trading contract Margin level Daily trading hours
(GMT+3)
1 contract volume Minimum number of transactions Average price difference
XAU/USD
(gold / USD)
Up to 100:1 24 hours 100 ounces 0.01 4.0
XAG/USD
(silver / USD)
Up to 50:1 24 hours 5000 ounces 0.01 4.5

Spot gold and silver have nearly 24 hours of trading time every day, which only stops briefly when the market closes at 17:15 – 18:00 EST every day.

Why trade spot gold and silver?
  • Flexible lever, up to 100:1
  • Two way trading can be long or short. Support multiple currencies, such as US dollar, Australian dollar, British pound and euro
  • The real-time trading rule of T + 0 allows multiple transactions on the same day, with high capital liquidity
  • The market is active and the price fluctuation range is high. The fluctuation price difference creates many opportunities for investors to create wealth
  • Market information is highly transparent. Affected by macro international factors, relevant news and economic data are published in real time
  • Trading online 24 hours a day from Monday to Friday, anytime, anywhere, with more profit opportunities
Leverage and margin trading

Spot gold and silver trading implement the margin system, which is generally highly leveraged. Many dealers provide a leverage ratio of 100:1, which means that traders can use the leverage function to "enlarge" their funds for trading. Take the spot gold price as an example. If the price of gold is US $1150 per ounce, trading 1 ounce of gold requires only US $11.50 margin under the leverage of 100:1. At ITE Company Global Limited, we provide you with a trading leverage ratio of up to 100:1. Of course, margin trading is a double-edged sword. It can not only increase profit opportunities, but also enlarge the risk of loss.

Quotation and point spread

The price of spot trading of gold and silver is quoted in the international market in the pricing method of "USD / oz", which indicates how much USD an ounce of gold (or silver) is equal to. The minimum unit of spot price of gold is 0.01 and that of silver is 0.001.

Taking the gold quotation of 1154.12/1154.57 as an example, it means that you can sell one or more hands of gold at the price of 1154.12 or buy one or more hands of gold at the price of 1154.57. At this point, the difference you need to pay is the difference between the selling price and the buying price (1154.57 – 1154.12), i.e. 0.45.

Take the price of gold as an example. If the price of gold is US $1150 per ounce, under the leverage of 100:1, trading 1 ounce of spot gold only requires a margin of US $11.50. At ITE Company Global Limited, we offer you leverage ratios of up to 100:1. Of course, margin trading is a double-edged sword. It can not only increase profit opportunities, but also enlarge the risk of loss.

Profit and loss calculation

Contract value = current price of gold (or silver) x trading quantity

Take the gold quotation of 1155.12/1154.57 as an example, if you buy one hand of gold at the price of 1154.57 (one hand = 100 ounces) and sell it when the price rises to 1154.98. At this point, your earnings are (1154.98 – 1154.57) x 100 ounces = $41. If the price falls below 1154.57, it will lead to a loss.

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  • Quotation and execution
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