SGE Silver Trading
Shanghai Gold Exchange silver contract prices and trading data
About SGE Silver Contracts
The SGE offers two silver contracts: Ag(T+D) is a deferred settlement contract that allows leveraged positions to be held indefinitely with daily carrying charges, making it the most liquid silver product on the exchange. Ag99.99 is a spot contract for 99.99% purity physical silver. Silver prices are quoted in CNY per kilogram. The SGE's silver vault inventory data provides unique insight into Chinese physical silver supply and demand dynamics.
Frequently Asked Questions
- What silver contracts does the SGE offer?
- The SGE offers two silver contracts: Ag(T+D) is a deferred settlement contract (similar to a perpetual future) and the most actively traded silver product on the exchange. Ag99.99 is a spot contract for 99.99% purity physical silver with vault delivery. Silver prices on the SGE are quoted in Chinese yuan per kilogram.
- What is the Shanghai Silver Benchmark?
- The Shanghai Silver Benchmark (SHAG) was launched in October 2019, following the success of the gold benchmark. It is a yuan-denominated silver fixing price set through a centralized auction on the SGE. SHAG serves as the reference price for Chinese domestic silver transactions.
- Does the SGE report silver vault inventory?
- Yes. SGE publishes weekly reports that include silver vault inventory data — the total silver stock held in SGE-certified vaults, along with the week-over-week change. Gold vault stock is not included in these reports, but delivery data for both metals is published.