Chinese Gold & Silver Exchange to launch Silver trading
Hong Kong's Chinese Gold & Silver Exchange Society annopunced launching silver trading in three different currencies.
The exchange plans to launch silver futures in Hong Kong dollars, followed by US dollars and later by Yuan. Investors could settle in cash or opt for physical delivery.
According to Haywood Cheung Tak-hay, president of the bourse said continued gains in precious metal prices and rising mainland demand prompted the Society to launch silver futures.