Tag Archives: COMEX

China Looks to Become a Major Player in Silver Trading

A pure (>99.95%) silver crystal, synthetic electrolytic made with visible dendritic structures. Weight ≈11g. this image was made from 12 single pictures via focus stacking

A pure (>99.95%) silver crystal, synthetic electrolytic made with visible dendritic structures. Weight ≈11g. this image was made from 12 single pictures via focus stacking

China could play an important role in silver market as Shanghai Futures Exchange opened its doors to silver trading from Thursday. If the world’s largest silver consumer plays its cards well, it could soon be dominating the global silver market as it is presently doing with the global gold market. Continue reading

The Gold bearing on the image of Silver

Alchemical symbol of silver

The current state of positive beliefs about gold is impacting silver’s impending predictions as forecasters believe it will possibly rise to $50 an ounce, riding high on gold’s success. HSBC relies on its gold’s affirmative forecast where it has prophecised that the precious metal will cost $1,850 per ounce in 2013. Investors are depending on these and similar forecasts for gold as they continue to analyze silver’s future. But what holds true for gold may not be for silver. They need to have a neutral view of silver, irrespective of what lies ahead for gold. In such situations, the future outlook for silver is raising concerns. Continue reading