Shanghai Futures Exchange Surpasses COMEX in Silver Volume

BullionStar’s Koos Jansen reported that in 2014, the volume of silver futures traded on the Shanghai Futures Exchange (SHFE) exceeded the volume traded on the COMEX. Volume on the former came to 2,908,168 tonnes, while volume on the latter was 2,123,387 tonnes.

As quoted in the market news:

Total silver volume on the COMEX has dropped 2.5 % in 2014 relative to 2013. Total volume on the SHFE has increased 14 % compared to 2013.

Total volume traded on the COMEX in 2013 was 2,176,519 tonnes; the SHFE traded 2,557,430 tonnes in silver futures, 18 % more.

In 2014 the COMEX has traded 2,123,387 tonnes of silver futures, the SHFE 2,908,168 tonnes, 37 % more.

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