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Silver Futures Trading Could Make China an Important Player
May. 07, 2012 05:14PM PST
Silver InvestingMineweb reported that China could begin to dominate the silver market as the world’s largest silver consumer starts trading silver futures.
Mineweb reported that China could begin to dominate the silver market as the world’s largest silver consumer starts trading silver futures.
As quoted in the market news:
Indeed a big inflow of silver into China – a country which has a long association with the metal having had a silver related currency standard up until the 1930s – is felt by some to be likely to end some of the metal’s price volatility and perhaps end what some see as excessive manipulation of the market through COMEX.