Silver continues to be the most traded commodity on the futures market

Silver continues to be the most traded commodity on the futures market for the second year running as commodity futures market turnover in the financial year through October (FY12) crossed the Rs 100 lakh crore mark, notching a 72% increase from the same period a year ago.

Speculators and hedgers traded silver worth Rs 38.23 lakh crore, 36% of cumulative turnover valued at Rs 106 lakh crore during April -October.

Silver traded turnover exceeded that of gold (Rs 26 lakh crore) by 46% during the period.

Tags: price of silver, Silver, silver analysis, silver news, silver price, silver price forecast, silver prices, silver spot, spot silver

Posted by Silver Guru on Nov 22 2011. Filed under Silver Analysis, Silver prices. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry