How does UOB determine the spread for gold and silver saving accounts? - Seedly
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Anonymous

Asked 3w ago

How does UOB determine the spread for gold and silver saving accounts?

Observed that in UOB silver saving account, the spread increase from 37cents to 89cents within a month. Is there any formulae(s) behind the spread determination? And, appreciate the enlightenment if any. Thank you.

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Lok Yang Teng
Lok Yang Teng
Top Contributor

Top Contributor (May)

Level 9. God of Wisdom
Answered 3w ago

It could be due to the lower trading volume of silver.

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