TFEX Silver Online Futures
TFEX Silver Online Futures It is a commodity type in the precious metal group, similar to gold and platinum. Silver is traded worldwide 24 hours a day in major markets such as London, Chicago, Shanghai, Hong Kong, etc., just like gold.
Investment Highlights
Investors can profit in both bull and bear market conditions | Flexible Trade
No need to worry about Thai Baht exchange rate volatility
Trading profit calculated in Thai Baht, returns based on global market price movement
Can trade by yourself via the internet on PC, Tablet, Smart Phone supporting both iOS and Android
Investment advisors available to assist, provide information and news to support decisions and track investment situations
Requires low initial capital (Margin), about 5-10% of the actual contract value
Real-time trading hours up until 3:00 AM
Can use Arbitrage trading strategies between Silver Online Futures on TFEX and Silver Futures on MTS international markets
Summary of TFEX Silver Online Futures Contract Specifications
Topic | Contract Specifications |
|---|---|
Underlying Asset | Silver with 99.9% purity |
Contract Size | 3,000 times the price of the underlying asset (Multiplier), calculated without applying exchange rates, in Thai Baht |
Delivery or Settlement Months | March, June, September, and December, counting not more than 1 nearest quarter |
Price Quotation | Quoted in USD per 1 troy ounce of silver, displayed to 2 decimal places |
Minimum Price Fluctuation | 0.01 USD per troy ounce, equivalent to a Tick Value of 30 Baht |
Daily Price Limit | +/- 10% from the latest Daily Settlement Price. If trading hits C&F, trading will be temporarily halted and extended to +/- 20% from the latest Daily Settlement Price. |
Trading Hours | Pre-open I: 9:15 AM – 9:45 AM |
Final Settlement Price | Uses the LBMA Silver Price Fixing on the last trading day as the reference price for calculating the Final Settlement Price, calculated without applying exchange rates |
Position Limit | Not specified, although TFEX may announce Position Limits as deemed appropriate |
Last Trading Day | The business day prior to the last business day of the contract's expiring month, with the last trading session ending at 4:55 PM |
Settlement Method | Cash Settlement |
Trading Price Calculation Example
Item | Price | Profit/Loss |
|---|---|---|
Buy Long Silver Futures – 1 contract | $ 24.30 | |
Sell Short Silver Futures – 1 contract | $ 25.50 | |
Difference (Profit) | + $1.20 | |
Multiplier | X 3,000 | |
* Total Profit Summary | 1.20 x 3,000 | = + 3,600 Baht |
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