How to Calculate Pips on Silver Spot?

How do I calculate pips move on Silver spot..?

I heard that Silver has a move range of 600 pips daily at least.

Example:

High: 18.253 Low: 18.133

How many pips were there?

Also, what's the difference between Daily Spot Silver and Silver?

Tnx!

Anyone..

600 pips move daily.. am I talking rubbish in here? Because I haven't seen this.

IG Markets charge you 3 pip spread for it.

100 pips = $1 dollar move in silver ie: 18.50 to 19.50

If the broker prices silver to the third digit then the same move would be
1000 = 1 USD. which really are not pips but units or maybe ticks.

in terms a broker quoting silver as so, Bid 18.50 - + 50 pips would be 19.
Right? Right...

SO, 600 pips would be a $6 USD move for silver which is Definitely NOT how silver moves.

A dollar plus day is a good day for silver. Keep in mind in futures you are dealing with large amounts of silver. so the .25 cents or $1 x 5000 ozs ads up.

Look at copper to - to get a better idea. Sometimes when they discuss copper price movements instead of talking about the price per lb. they will use one TON.

Gold is the same. 100 pips =s a $1 USD move.

So if Gold moves $20 which is possible you have made 2000 pips