A new silver-futures contract was launched on the Shanghai Futures Exchange Thursday, which could mean increased interest in the commodity, analysts say. “This can be seen as complementing the existing contract on the Shanghai Gold Exchange and is aimed more at institutional investors and producers,” Commerzbank says. “This is because the new contract has a lot size of 15 kg, while the existing contract represents 1 kg of silver. Most retail investors are thus likely to continue trading silver on the Shanghai Gold Exchange. Nonetheless, the new contract could lead to generally higher demand for silver and lend support to the price.” MKS Finance describes the volume in the new product on its first day as “fairly sizeable,” with 45,000 lots in the September contract.
Thursday, 10 May 2012
Analysts: New SHFE Contract Likely To Spur More Interest In Silver
A new silver-futures contract was launched on the Shanghai Futures Exchange Thursday, which could mean increased interest in the commodity, analysts say. “This can be seen as complementing the existing contract on the Shanghai Gold Exchange and is aimed more at institutional investors and producers,” Commerzbank says. “This is because the new contract has a lot size of 15 kg, while the existing contract represents 1 kg of silver. Most retail investors are thus likely to continue trading silver on the Shanghai Gold Exchange. Nonetheless, the new contract could lead to generally higher demand for silver and lend support to the price.” MKS Finance describes the volume in the new product on its first day as “fairly sizeable,” with 45,000 lots in the September contract.
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