This is the minimum amount which is required to buy "x" number of lots of a particular commodity to trade in futures market.
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All that has changed, thanks to the work of international organisations like the United Nations, World Bank and Help Age International ... is growing and this silver wave can’t be stopped.
Silver’s spot price is the price at which the precious metal can be bought or sold right now. That’s different from futures contracts, where you secure silver for delivery at a later date.