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Closing a position (or "square off") means finalizing the trade and no longer holding the open order that is currently generating profit or loss.

  • A long (buy) position is closed by selling at the bid price.
  • A short (sell) position is closed by buying at the ask price.

Spot Gold/Silver operates on a T+0, 24-hour two-way trading system. Once a position is successfully opened, the order remains active and continues to accrue profit or loss. You may close and settle the position at any time during trading hours.

However, please monitor your positions carefully to avoid significant losses that could trigger forced liquidation or a margin call (blow-up).