Futures trading time is only 4 hours a day, while international silver trading is 24 hours a day, and it can be traded from 8 am on Monday to 4 am on Saturday.

Second, the difference between delivery time and duration.

The risk of spot trading is far less than that of futures. Futures refers to a standard contract with a delivery period, so it is called futures. The reason why futures trading is so risky is that there is no delivery time limit for silver spot deferred delivery business, and investors can hold warehouse receipts for a long time without being forced to close their positions.

Third, the price formation mechanism is different.

The spot deferred trading price is quoted by the silver market maker. The customer decides whether to trade with the market maker according to the market maker's quotation. The price formation mechanism of futures trading is the price formed by centralized bidding of all traders in the exchange.

Fourth, the difference between market makers and exchanges.

The principle of price priority and time priority in silver futures trading limits the number of traders with the same price. Silver spot investors can buy and sell freely and trade at any time, and the market price is open and transparent, fair and just.