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What is the deposit and withdrawal process of China Economic Commodities?
[Jinyou.com] A professional rebate website, trustworthy China Economic Commodities Trading Center (hereinafter referred to as the trading center) is sponsored by the Economic Daily, the official newspaper of the State Council. , China Economic Network initiated the establishment of a national commodity electronic trading platform located in the cross-strait financial center of Xiamen. The trading center was approved and registered by the State Administration for Industry and Commerce in March 2016 (registration name pre-approval No. 3), and was established with the approval of the Xiamen Municipal People's Government in 2018 (Xiamen Government Document No. 3). The trading center is supervised by the Xiamen Financial Coordination Service Office. It is an important strategic deployment of the Economic Daily and China Economic Network to build a national commodity factor platform, and is also an important part of the cross-strait financial system.
How will the war affect the price of silver?
Spot silver, also known as international spot silver or London silver, is a contract-based transaction that uses the principle of financial leverage. It's not like the usual delivery of money, as we usually say, but rather requires the delivery procedures to be completed within one working day after the transaction is completed. However, some investors do not actually deliver silver after the transaction, but only deliver the silver at maturity. position to earn profit from the price difference.
The price of spot silver is not static. It will change the price trend with changes in fundamental news, technical adjustments, etc. However, since silver itself is a precious metal with a certain value and has the function of preserving value and hedging, it will not fall to worthless like stocks.
We just mentioned that the price changes of spot silver will be affected by many factors, among which war is a major fundamental factor. When war breaks out or is about to break out, it will have an impact on the price of silver. How does the war drive the price of silver? Let’s take the Crimea referendum in Ukraine as an example. Although the turmoil in Ukraine is not a war, political crises can also affect the trend of silver. Ukraine's relationship with Russia has always been very delicate. In March 2018, Ukraine held a referendum on independence, and the result was as expected. The number of votes in favor of Ukrainian independence was surprisingly high. The move roiled the entire silver market and gave prices a boost. When the political situation is unstable or a war breaks out, in order to prevent the economic impact of currency depreciation on themselves, investors who hold currencies in the region choose to sell their currencies in exchange for gold and silver that can maintain their value. Strong buying demand has boosted silver prices. Therefore, the outbreak of war is good for silver. But peace and prosperity does not mean profit from short silver. Investors need to pay attention to this.
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