Commodities
CME Group Launches 24/7 Silver Futures Contract Amid Growing Investor Appetite
CME Group has launched its 24/7 silver futures contract, which started trading on the weekend. The initial trading session saw 2,387 contracts worth over $15 million change hands.
This move follows strong demand for CME's 24/7 one-ounce gold contract, which has seen 140,000 contracts traded worth over $600 million since July.
The introduction of these flexible precious metals contracts is a response to growing interest from retail investors amid economic uncertainty. The products cater to those seeking smaller-sized contracts in a regulated market.