What does Comex stand for?

COMEX is the primary futures and options market for trading metals such as gold, silver, copper, and aluminum. COMEX is an abbreviation of the exchange's full name: The Commodity Exchange Inc. COMEX merged with the New York Mercantile Exchange (NYMEX) in 1994 and became the platform responsible for its metals trading.

What is a COMEX silver futures & options contract?

The global benchmark COMEX Silver futures and options contracts are designed to help market participants harness the benefits of financial risk management tools and rein in risk to a level that works best for them. Much like Gold futures and options, Silver futures and options are used extensively as a safe haven in times of financial uncertainty.

What metals are traded on the Comex?

Other futures contracts traded on the COMEX include aluminum, palladium, platinum, and steel. Because the futures market is mostly a hedging vehicle for mitigating price risk, the majority of futures contracts are never delivered. Most trades are made simply on the promise of that metal and on the knowledge that it exists.

What is the Commodity Exchange Inc (COMEX)?

(Gold, Silver Futures Contracts) If you have been studying commodity markets or buying bullion chances are high you will have come across the acronym COMEX. Here we discuss what is the Commodity Exchange Inc. (COMEX), its history, and relevance especially to Silver Bullion and Gold Bullion prices at SD Bullion and across the world.