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Tag: silver futures

JPMorgan Wins Court Dismissal in Silver Futures Rigging Lawsuits

On Wednesday, JPMorgan Chase (NYSE:JPM) won three dismissals of private antitrust lawsuits accusing them in 2010 and 2011 of placing artificial bids onto the trading floor, harangued employees at metals market COMEX to obtain prices it wanted, and made misrepresentations to a committee that set settlement prices.

As quoted in the Reuters

Silver Prices Hit a 10-month High

Silver futures rose to a ten-month high on Tuesday on the back of a weaker US dollar, MarketWatch reported.

As quoted in the publication:
Silver for May delivery advanced 71.7 cents, or 4.4%, to $16.97 an ounce on Comex. Prices haven’t traded at a level this high since late June and haven’t settled

Silver Futures Slide Despite Greece Uncertainty reported that on Tuesday, silver futures “extended a bear run” despite negative developments in Greece. Specifically, COMEX silver futures for September delivery were down 0.45 percent, at $15.655 per troy ounce, on Tuesday morning.

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