Gold, often hailed as the most precious of all metals, is a key player in the global spot market. Its spot price is typically quoted in US dollars per troy ounce, with the London Gold Fixing serving as the most popular benchmark for determining its value since 1919. Twice a day, representatives from five major bullion trading firms in the London Bullion Market convene via teleconference to establish this globally recognized pricing standard.
Gold trading operates continuously across the world, based on the intra-day spot price derived from over-the-counter gold trading markets worldwide. This ensures that gold remains a highly liquid and sought-after asset, favored by traders and investors alike.
Silver, with its captivating glow, holds a unique place in the world of precious metals. Unlike gold, the price of silver is more speculative and significantly influenced by supply and demand dynamics, often determined by major traders and investors. Industrial, commercial, and consumer demand, coupled with short-selling activities, also play a pivotal role in shaping its value.
When compared to gold, silver exhibits a higher level of volatility. This is largely due to its dual role as a store of value and an industrial commodity. Fluctuations in demand for industrial applications and changes in market liquidity rates often lead to wide-ranging valuations, adding an extra layer of complexity for traders.
At Volt, we provide cutting-edge trading tools, real-time market analysis, and expert insights to help you navigate the dynamic world of gold and silver trading with confidence. Whether you’re looking to invest in these timeless metals or take advantage of market movements, Volt ensures you have everything you need to succeed.
