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Trading Insight_News
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$XAG 1.84 Billion "Paper" Ounces Traded In One Day, Double The Global Annual Production!
Latest data from COMEX has revealed a shocking figure, exposing the massive scale of the derivatives (paper) market relative to physical reality.
{future}(XAGUSDT)
🔸 Yesterday's trading volume recorded a staggering 1.842 billion ounces of "paper Silver" changed hands.
🔸 To put this massive number into perspective It is more than double the entire annual global Silver mining production approx 835 million ounces. It exceeds the total annual global consumption of Silver approx 1.2 billion ounces.
🔸Observers believe this marks the second largest trading volume day in the history of the COMEX.
This immense discrepancy highlights that the current price war is being fought primarily in the derivatives market, driving insane price volatility regardless of physical supply and demand fundamentals.
News is for reference, not investment advice. Please read carefully before making a decision.
Latest data from COMEX has revealed a shocking figure, exposing the massive scale of the derivatives (paper) market relative to physical reality.
{future}(XAGUSDT)
🔸 Yesterday's trading volume recorded a staggering 1.842 billion ounces of "paper Silver" changed hands.
🔸 To put this massive number into perspective It is more than double the entire annual global Silver mining production approx 835 million ounces. It exceeds the total annual global consumption of Silver approx 1.2 billion ounces.
🔸Observers believe this marks the second largest trading volume day in the history of the COMEX.
This immense discrepancy highlights that the current price war is being fought primarily in the derivatives market, driving insane price volatility regardless of physical supply and demand fundamentals.
News is for reference, not investment advice. Please read carefully before making a decision.
إخلاء المسؤولية: تتضمن آراء أطراف خارجية. ليست نصيحةً مالية. يُمكن أن تحتوي على مُحتوى مُمول. اطلع على الشروط والأحكام.