What is the difference between spot gold and spot silver?

In the investment market, spot gold and spot silver are both popular investment products for investors, and both have good profitability, safety and liquidity characteristics.

But there is still a certain difference between spot gold and spot silver, so what is the difference between spot gold and spot silver?

1. Different product types

Although both spot gold and spot silver are precious metals, the two are two different investments, one is gold investment and the other is silver investment.

2. Different investment thresholds

The threshold of spot silver is lower than that of spot gold. Nowadays, spot silver has standard hands and mini-hands; and silver is called "gold of the poor" and its price is much lower than gold. Although the units of spot gold and spot silver are: USD /Oz, but the spot gold price is four digits, and the spot silver is only double digits.

In addition, the value-added preservation of gold is higher than that of silver, so investors are more willing to choose spot gold.

3. Different sensitive factors to the market

Gold prices are susceptible to currency factors, while silver prices are more susceptible to industrial factors. In the market, gold is basically satisfied with investment consumption and luxury consumption, and 40% of silver's demand comes from industrial production, so silver is more sensitive to industrial development.

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4. The price fluctuation range is different

In investment practice, we have found that the fluctuation of silver prices is often greater than the fluctuation of gold prices, because silver has little circulation in the market and is closely connected with industry, so market trends have a greater impact on silver.

5. Different market demands

Silver and gold have been one of the longest-used natural currencies since ancient times. In the current international trade, although the currency attributes of both have been eliminated, the risk-avoidance attributes are still preserved, but since gold is more precious than silver, the demand for both Still different.

Gold is often stored as a national wealth reserve in the central bank. The purpose is to maintain the stability of the domestic economy and is an important guarantee for a country’s economic security.

The above is the detailed introduction of "What is the difference between spot gold and spot silver". Investors can choose investment products according to their own needs.