Silver Futures Trading Could Make China an Important Player
Mineweb reported that China could begin to dominate the silver market as the world's largest silver consumer starts trading silver futures.
Mineweb reported that China could begin to dominate the silver market as the world's largest silver consumer starts trading silver futures.
Last year, silver contract margins were subject to aggressive increases. This year, the rates are moving in the opposite direction.
Silver has been holding steady, closing at $33.72 on Monday trading. However, the white metal seems to have lost some of the momentum witnessed in January and earlier in the month on Greek uncertainty.
Silver Investing News readers are intrigued to down right passionate when it comes to the topic of silver price manipulation. In a recent survey, we asked the question, “Do you believe the silver market is rigged?” to which an eye-popping 66 percent responded, “Yes!”
While silver prices made moderate gains on the day, uncertainty about the global economy continues to erode investors risk appetite. Some analysts have even called into question silver’s role as ‘poor man’s gold’ as a hedge against inflation.
2011 has been eventful for silver, with massive investor demand, a climb to near-historical highs followed by a sudden drop, and a new trading range.
Silver’s price slipped on the day, but a looming economic slowdown may support the metal. Silver Investing News spoke with William Rhind Managing Director of ETF Securities, about the recent market volatility and the effect on the price of silver.
For the third day in a row silver took a plunge while margin rates increased, driving new investors away, though analysts are uncertain whether this is signaling a lasting drop in value or merely a minor correction in prices.
Bloomberg reported that requirements for margins to trade silver were raised by the CME Group Inc.’s Comex unit once again.
Precious metals have enjoyed a spectacular rise today after the Federal Reserve signaled that interest rates will stay low for an extended period of time, no changes to policies or forecasts and telegraphed the end of its bond-buying program.
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