Why Trade in Silver Futures?Ĭompared with gold, silver is generally cheaper. While not completely liquid, there is adequate liquidity on offer. An individual has the facility to short sell his/her silver. While the agreement is signed on a particular date, a buyer can get additional time to make final payments to settle the amount. A buyer will not have to spend additional on finding an immediate storage facility, as the physical delivery will take place only in the future. Contracts are listed for sixty months forward, enabling the establishment of a forward price curve. Deep liquidity around the clock for trade executions. Some of the major advantages of Silver Futures are mentioned below.ĬOMEX Silver futures and options contracts are worldwide standard goods. Advantages of investing in Silver Futures: In the U.S., silver is produced in states such as Nevada, Alaska, Arizona, and Idaho.
Worldwide leaders in world silver production include Mexico, Peru, and China.
Due to its lustrous metallic element, silver can also conduct heat and electricity far better than other precious metals. It is also used for electrical appliances. Silver is used for a diversity of goods including jewelry, glass, and common household appliances. usage of silver in currency was discontinued in 1965, and Mexico is the only country that uses silver in their coins. In 1792, the United States decided to base its monetary system on the silver dollar. The Ancient Greeks were the first to use silver coins. Silver has played a major role in the history of global currency. Silver has been mined for thousands of years, originating in Asia Minor. TOCOM silver futures are traded at 30000 grams (964.53 troy ounces) at a price of yen per gram. Silver futures are also traded electronically through the Chicago Board of Trade (eCBOT), Dubai Gold and Commodities Exchange (DGCX), the Indian National Commodity and Derivatives Exchange (NCDEX), Multi Commodity Exchange (MCX) and Tokyo Commodity Exchange (TOCOM). July and December also are protected, must they fall within a 60-month duration, starting with the current month. COMEX Division’s contract months are performed for delivery for the duration of the modern-day calendar month, the following two calendar months, January, March, might also, and September that is within a 23-month duration. In the US, silver futures are purchased at exchanges, most notably at the New York Mercantile Exchange (NYMEX) through its Commodity Exchange (COMEX) division. Silver futures are standardized, exchange-traded contracts in which the contract buyer agrees to take delivery, from the seller, a specific quantity of Silver at a predetermined price on a future delivery date. Silver Futures Live Chart COMEX Silver Technical Analysis About COMEX Silver Futures What is Silver Futures?
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