At present, silver futures have been listed on Chicago Mercantile Exchange Group (CME), Tokyo Commodity Exchange (TOCOM), India Commodity Exchange (MCX) and other exchanges, among which CME's COMEX silver contract is the largest and most influential. Due to the sharp fluctuation of silver price in recent years, the trading volume of silver futures has increased greatly. 20 10, COMEX silver contract clinched12.83 million lots, clinched19.95 million tons, up 60.52% year-on-year. 20 1 1 year * *, the turnover was 196 1 10,000 lots, accounting for 3.049 million tons, an increase of 52.87% compared with 20 1 year.

MCX exchange of India

The Indian Commodity Exchange (MCX) was established in Mumbai in June 2003. So far, MCX has occupied more than 80% of the Indian commodity futures market. The MCX Exchange of India has launched three kinds of silver futures contracts, namely 1 kg mini silver futures contract, 5 kg mini silver futures contract and 30 kg silver futures contract. 20 1 1 India MCX 1kg silver futures contracts sold 46,865,400 lots, accounting for 46,900 tons, ranking first in the world. The 5 kg silver futures contract sold 46.8043 million lots, accounting for 234,000 tons, and the 30 kg silver futures contract sold 24.4345 million lots, accounting for 733,000 tons, ranking second and third respectively.

London Gold and Silver Association (LBMA)

LBMA (London Bullion Market Association) is a global gold and silver trade association, headquartered in London, England, responsible for spot trading of gold and silver. LBMA is a trade intermediary, providing services for members of the Association and participants in the London Gold and Silver Exchange. London, England is now the largest over-the-counter market for gold and silver in the world. The core customers and members of LBMA include central banks, gold and silver producers, refiners, gold and silver processing enterprises and trading enterprises all over the world.

Shanghai Gold Exchange (SGE)

Shanghai Gold Exchange is the main silver spot trading market in China, and the silver trading varieties include Ag99.9, Ag99.99 spot firm trading and Ag(T+D) spot margin trading.

In recent years, silver trading has become increasingly active. 20 10, 73,556,5438+0,000 lots (about 74,000 tons) were traded on the Shanghai Gold Exchange Ag (T+D) * *, with a turnover of about 386 billion yuan, up by 353% and 559% respectively. 20 1 1, the transaction was active. The annual turnover was 245,80510000 lots (about 246,000 tons), and the turnover was192.96 million yuan, which was about 3 times and 5 times of 20 10 respectively.