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related
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Silver
Futures Market Facts
Silver
trading has been appealing to the investor for a number of
reasons over the years, (invariably leading to todays silver futures
contract ).
It been used as legal tender and prior
to the 1900’s the silver standard preceeded the gold standard.
Silver is considered one of the precious metals, and like gold,
signifies prestige yet with a purifying element. With its appealing
owing partly to the range of products it serves.
Notably - the silver metal has high reflectivity, and high electrical
and thermal conductivity.
Its current market applications form an array that include the making
of photographic film, solar cells, mirrors, electronics (solder
and contacts), restorative dentistry (amalgam) and jewelry and
silverware, coins and metals and for certain medical purposes.
Not to mention rods in nuclear reactor cores. Due to its softness,
it is commonly alloyed for hardening.
World Production: Main sources of mining output come from the
countries of Peru, Mexico, China, Chili and Austrialia - with
2007 production falling in that order. Silver is often mined
and found with other metals such as copper, lead and zinc as
it is naturally accompanies them.
Besides silver futures on the COMEX, which merged with the NYME – New
York Mercantile Exchange in 1994 as a commodity futures exchange,
it is traded at CBOT – Chicago Board of Trade. Other investments
are in the form of bars, coins, rounds and mining companies.
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