Chicago Board of Trade (CBoT) launched options on its silver
futures on 12 June, whilst continuing to push for more
multi-time zone trading in its precious metals complex.
Options on full-sized silver futures followed CBoT's silver
futures contract, which garnered about 27% of the exchange
traded silver in North America through May.
Exchange officials and futures brokers said there is
significant demand for the product, but options will take some
time to grow volume. Only one contract had changed hands in the
first three days of trading.
Despite a recent drop, January through May volume in the
CBoT silver complex has grown seven times over the same period
last year and average daily volume in May for silver futures
contracts increased 15 times compared to average daily volume
in May last year.
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