Silver trading in commodity exchange from next week – Tejaratnews
According to Tejarat News, according to the Commodity Exchange, the silver contract will start in the Commodity Exchange next week.
According to this new circular, from Sunday next week, clients can trade silver in the commodity exchange and receive it for Bahman 1401.
It should be noted that the launch of the silver futures contract will start from next Sunday, January 18.
In the latest announcement of the management of derivative markets and commodity funds, it is stated: Futures contracts on the first trading day without price fluctuation limits with a pre-opening period of 30 minutes at the beginning of the trading session and after the single price auction at 10:30 a.m. with the normal period. Trading and applying the daily price fluctuation limit continues. The basic price of the future contract will be the same price discovered in the single-price auction, which will be the basis of the daily price fluctuation limit for continuing transactions in the continuous auction.
Obviously, if the transaction is not done in the single-price auction, the future contract will be stopped and the same process will be repeated the next working day.
It should be noted that the details of the silver futures contract indicate that each contract is equivalent to 100 grams and the commodity standard is silver pellets according to the 999 standard.
Source:news