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Miles Franklin Media

24/7 Silver Futures 'A Step In The Wrong Direction'?

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ticker lesson

Breakdown

0:00SILVER· ticker

CME introduces 24/7 silver futures trading

  • CME began 24/7 trading 100 ounce silver futures
  • First weekend saw 2,387 contracts traded
  • $15 million notional value
  • CME announced figures on September 14th
0:45lesson

CME silver futures cash settlement analysis

  • Contract is 100% cash-settled
  • Cynical view: drive retail into speculation
  • Ease physical demand pressure on COMEX
  • Baseline assumption: not full truth
1:20lesson

Price discovery and market manipulation

  • True price discovery hasn't occurred in a long time
  • January saw initial signs of price discovery
  • New contract is a step in the wrong direction
  • Handking operations from perspective
2:00COMEX· ticker

COMEX physical demand pressure

  • Potential easing of physical demand pressure
  • Full 5,000 ounce products
  • CME's impact on physical demand

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