CME Group Expands 24/7 Trading to Silver Futures
CME Group, a leading financial derivatives exchange, is expanding its 24/7 trading model to include the 100-Ounce Silver futures contract. This move follows the successful launch of 24/7 trading in 1-Ounce Gold futures on July 24.
According to CME Group, more than 53,000 1-Ounce Gold futures contracts have traded during weekend sessions since the launch, representing approximately $219 million in notional value. The expansion of 24/7 trading to silver futures is expected to increase liquidity and provide investors with greater flexibility.
The 100-Ounce Silver futures contract will begin financially-settled 24/7 trading on September 11, pending regulatory review. This move aligns with the exchange's goal of providing efficient and accessible markets for precious metals trading.