Silver Trading Condition
KVB now offers spot trading of Gold and Silver denominated in US Dollars, directly on live tradable prices. This exciting Spot Gold contract and Spot Silver Contract is the first in a new range of spot tradable commodities that are ideal for both long and short-term speculative investing which will enable clients of KVB to take advantage of upward or downward price movements in the precious metals market.
SILVER (XAGUSD) CONTRACT SPECIFICATIONS*
| Contract Symbol | XAGUSD |
| Lot Size | 100 Ounce per Lot |
| Target Spread | US$0.05 |
| Minimum Trade< | 50 Lots |
| Minimum Trade Increment | 50 Lots |
| Minimum Fluctuation | 0.001 |
| US$ per Minimum Fluctuation | US$5 |
| Margin Required | 1% |
| Nearest Level from Current Price that Orders can be Placed | 0.01 |
| Roll-over charges | Done daily at prevailing market carrying cost |
| Trading Hours | Sunday to Friday 19:00 GMT to 21:00 GMT |
EXAMPLE OF A SILVER TRADE
| Day 1 | Buy 50 lots XAGUSD at $17.350 |
| Day 2 | Sell 50 lots XAGUSD at $18.683 |
| Gross Profit | 50 x 100 x ($18.683 – $17.350) = USD 6,665.00 |
| Roll-over charges | (50 x 100 x 17.35 x 3.7%)/360 = USD 8.92 |
| Net Profit | USD 6,665.00 – USD 8.92 = USD 6,656.08 |
* Our target bid/ask spreads listed above are used in normal market nconditions. In quiet market conditions, the spread may be even narrower but in periods of volatile markets, the spread may be increased and auto execution disabled.
* These specifications may be changed any time without prior notice to clients.
Disclaimer:
The risk of loss in leveraged foreign exchange, CFDs and other derivatives trading can be substantial. Investors should therefore carefully consider whether such trading is suitable in light of their own financial position and investment objectives and if necessary seek appropriate professional advice. Investors are advised to read「Products Disclosure Statements」carefully before making any investment decision.「Products Disclosure Statements」 and 「Investment Advisors Disclosure Statements」 are available on request and free of charge from KVB Kunlun.
The information contained in this document does not constitute financial or investment advice. All information, prices and opinions are subject to change without prior notice.The product information may not apply to all KVB Kunlun companies; please contact our representatives in your country or region, if you have any enquiries.