Stock market ticker silver

By Noble Drakoln Silver is the whitest, most malleable and most conductive metal available. It has enjoyed a variety of uses throughout history, most notably as a form of money and jewelry.

The first evidence of its use as currency dates back to around B. Silver has adorned tombs from Chaldea to China , and was one of the prime movers of European history after the discovery of the New World.

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While silver is less rare than gold, it has played a significant role in affecting currencies and has consistently moved in tandem with gold prices. The British pound derives its name directly from the fact that a British pound was once considered to be worth one pound of sterling silver.

Over 14 languages use synonymous terms for silver and money. In fact, the U. This method may seem arcane, but many well-established strategies rely on it. Find out more in Trading The Gold-Silver Ratio.

In , the U. This led to an increase in the value of gold and also a significant run up in the value of silver. For the first time, the status of silver and gold as precious metals was established around the world, as was the interrelationship of their price movement. In , the Hunt brothers used their enormous fortune, along with bank leverage, to try to corner the silver market. A sample commodity futures contract for silver is shown in the following table.

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Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education. Silver By Noble DraKoln Share. Silver Contract Specifications Ticker Symbol Open Outcry: ZI eCBOT Contract Size 5, troy ounces Deliverable Grades Refined silver 1.

As cast bars of 1, or 1, troy ounces 3.

Stamped and serialized by an exchanged listed and approved refiner Contract Months Jan, March, May, July, Sept, Dec Trading Hours NYMEX Open Outcry: Once the contract with the highest open interest hits this limit, a suspension is triggered 3. New limit is 10 cents above or below the price at which the suspension was triggered Understanding Silver Contracts Like every commodity , silver has its own ticker symbol, contract value and margin requirements.

To successfully trade a commodity, you must be aware of these key components and understand how to use them to calculate your potential profits and loss. For instance, if you buy or sell a silver futures contract, you will see a ticker tape handle that looks like this: Depending on the quoted price, the value of a commodities contract is based on the current price of the market multiplied by the actual value of the contract itself.

Calculating a Change in Price Because commodity contracts are customized, every price movement has its own distinct value. It is also traded electronically through the Chicago Board of Trade eCBOT , the Indian National Commodity and Derivatives Exchange NCDEX , Dubai Gold and Commodities Exchange DGCX , Multi Commodity Exchange MCX and Tokyo Commodity Exchange TOCOM. Facts About Production As a rare and precious metal, silver derives its price from its availability on the open market, so world production numbers are an important statistic to consider.

In the approximately years since then, production has increased to 15 billion ounces. As of , half of the world's cumulative production of nearly 45 billion ounces was mined over the last 60 or so years.

Silver production, especially by the largest mining companies, seems to have flattened if not declined , which could determine the direction of prices in the coming years. An important point to keep in mind is that older production techniques, where the silver is mined from veins already in operation, will shut down as production slows, which could also impact price direction as uncertain newer production sources are sought.

Find out how the largest speculative attempt to corner the market went awry in Silver Thursday: How Two Wealthy Traders Cornered The Market. Factors That Influence Silver's Price The price of silver is influenced by the following factors: Silver is typically extracted from ore, usually of copper, gold and zinc.

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Because copper is used in new home construction, any change in the housing market can affect its demand, which can signal an indirect turn for the supply of silver, and therefore its prices. Film photography, despite the advent of digital imaging, still represents an important application for silver and thereby renders it a critical player as a low-cost, high-quality standard. Silver's conductivity makes it integral to the electronics industry, where it is used for circuits and switches.

Solar panels use silver paste to conduct electricity from the silicon photovoltaic cells and are becoming more common as a cost-effective energy source.

Silver tends to track the price of gold. Although the correlation between the two metals is not hard and fast, price charts certainly show that as gold rises and falls, so does silver. Silver represents another method that investors use for hedging currency risk through precious metals as the dollar weakens. Conclusion Silver is one of the most versatile metals available. Used as both an industrial metal and a hard asset , it plays double duty in the commodities market.

Trading it and predicting its price is a careful balancing act between what consumers need and what the currency market demands. Silver Futures are becoming popular trading instruments. Here is a primer on how to trade them.

Silver Price Today | Price of Silver Per Ounce | 24 Hour Spot Chart | KITCO

As the precious metal space has given up many gains in the wake of a strengthening global economy, silver remains a value. The metals industrial side will help propel it higher over the next With silver on the move, gold could quickly become yesterday's news. Gold and silver prices are seeing a big performance divergence in Buying silver options allows traders to attain a position in silver for less capital than buying physical silver or silver futures.

Find out about the top ETFs that track the silver sector, such as the iShares Silver Trust ETF, ETFS Physical Silver Shares ETF and ProShares Ultra Silver ETF. After a stunning loss on Tuesday, silver is seeing a recovery on moderating U.

If you are a hedger or a speculator, gold and silver futures contracts offer a world of profit-making opportunities. Many traders are turning to the silver market given the strong surge in momentum.

While all eyes are on the underlying commodity or large-cap miners, strategic traders are turning to small and You may participate in both a b and a k plan. However, certain restrictions may apply to the amount you can Generally speaking, the designation of beneficiary form dictates who receives the assets from the individual retirement Discover why consultant Ted Benna created k plans after noticing the Revenue Act of could be used to set up simple, Purchase life insurance in your qualified retirement plan using pre-tax dollars.

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New limit is 10 cents above or below the price at which the suspension was triggered.