Is silver available in India?

Is silver available in India?

India doesn’t have rich deposits of silver and most of the silver production is as byproduct in the production of metals like zinc, lead, copper and gold.

What is Comex gold and silver?

COMEX is a futures and options market to trade commodities such as silver, gold, aluminium, and copper. COMEX basically serves as the principal gold clearinghouse. Apart from gold, it is also a clearinghouse for silver and copper futures. These commodities are traded in regulated contract sizes.

What company has the most silver reserves?

Hecla Mining
Founded in 1891, Hecla Mining is the oldest precious metals mining company listed on the New York Stock Exchange. The company is responsible for 1/3 of all silver produced in the United States and holds the largest silver reserve and resource in the country.

What is silver Comex?

COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum. Formerly known as the Commodity Exchange Inc., COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the division responsible for metals trading.

Can I buy silver from the Comex?

As a thoroughly established market, COMEX serves as the primary exchange for trading Aluminum, Copper, Gold, Platinum, Palladium, Silver and Steel. Contracts may be standard in size, or micro versions may be traded.

What is the closing price of silver today?

MONEX Live Silver Spot Prices

Silver Spot Prices Today Change
Silver Prices Per Ounce $24.35 -0.83
Silver Prices Per Gram $0.78 -0.03
Silver Prices Per Kilo $782.85 -26.68

What is the current price of silver on COMEX?

Current Silver Rates in COMEX. Silver rates fluctuate regularly, reflecting current trends in the market. The current price of silver on COMEX is $17.4 per ounce (as of April 28, 2016). This roughly translates to Rs 40,600 per kg. COMEX rates change multiple times in a day, and are an ideal mode of investment to those who keenly follow the market.

Is there a default on the COMEX gold market?

None of those “ stunning ” facts seem to matter as the registered Comex inventories of gold and silver continue to be depleted and trading of gold and silver in huge volumes carries on. There has been no Comex collapse or default. It hasn’t happened and probably won’t.

Is there more gold in Comex vaults than India imports?

The amounts of registered gold in the Comex vaults are less than Russia might acquire in a few days of buying for its foreign reserves and there is less registered silver in the Comex vaults than India imports in a month.

Why are there so many short contracts on COMEX?

The greater the volume of silver and gold that bullion dealers sell, the greater number of short contracts they have to sell on Comex to hedge their inventory. Most long and short gold and silver contacts are rolled over or expire by their own terms.

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