China was the market for almost 23 % of the international consumption of silver. If you have been wary of investing in silver, now is definitely the time to reconsider. The Hong Kong Mercantile Exchange has just started trading on silver futures. This will grant Asians direct access to the dollar-denominated Chinese silver futures and lower the US prominence in the trading of silver bullion.

The entry of the Hong Kong Mercantile Exchange in the silver futures market will trigger a lot of other positive responses for silver investors. It will neutralise elite players such as the US.

China, Asia and the neighbouring markets will be able to trade in silver bullion directly for the first time. Earlier, the Chicago Mercantile Exchange silver futures had to be bought and traded via Hong Kong Mercantile Exchange.

In a futures contract, the buyer must be ready to take possession of the commodity whenever the contract is due. These contracts are legally binding and have a particular standard for a place of delivery, time, quality and quantity.