The true cost of gold and silver trading goes far beyond the spread. This article breaks down the hidden costs of precious metals from three levels: spreads, overnight interest, slippage and execution quality. It explains how the characteristics of the variety, contract specifications and micro-lots can amplify a single cost. It also teaches you to use transaction reports to add up the various costs and compare them with the strategic profit targets to determine whether the costs have eroded the break-even point. Then choose a platform that makes the costs visible and predictable, and use your own transaction records to verify them one by one.