What is a precious metal's spot price?

When it comes to precious metals, gold, silver, and platinum metals each have their own spot price that fluctuates several times a day. A precious metal’s spot price differs from futures prices in that a spot price is the most current price available for any specific type of metal.

What are metal price ETF's?

Some of the more complex metal price ETF's are designed to track the inverse of a metal's price or even multiples of the market price. Other ETF's track the price of an individual metal or a group of metals. Investors also participate in metal price speculation through investment in mining companies and funds that invest in mining firms.

What is the global precious metals market?

The increasing proliferation of electrical vehicles is also aiding the global precious metals market. Regionally, Mexico, China, and Peru are the major producing countries for precious metals by volume. China, Russia, and Australia, on the other hand, are the leading markets, by value.

Where are metals traded?

Many important metals are traded on public exchanges. Among these exchanges are the New York Mercantile Commodity Exchange (COMEX) and London Metal Exchange (LME). Other metals are bought and sold directly through the offices of metal producers using prices set by those producers or related trade associations.