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What does Comex stand for?

Commodity Exchange Inc. (COMEX), the main exchange for silver and gold futures, was first founded in 1933 through the merger of four smaller exchanges based in New York—the National Metal Exchange, the Rubber Exchange of New York, the National Raw Silk Exchange, and the New York Hide Exchange.

How does Comex affect the precious metals market?

The prices and daily activities of global traders on the exchange impact the precious metals markets around the world. COMEX serves as the primary clearinghouse for gold, silver, and copper futures, all of which are traded in standardized contract sizes, as well as a mini and/or micro version.

What is the price of silver on COMEX?

COMEX, being the largest commodity exchange market in the world accounts for a major chunk of silver traded globally, making it extremely important in the investment world. Silver rates fluctuate regularly, reflecting current trends in the market. The current price of silver on COMEX is $17.4 per ounce (as of April 28, 2016).

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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