METALS

Gold

Gold

Besides being a store of wealth and a medium of international exchange, gold is also a vital industrial metal. It is critically important in electronics and other high-tech applications, because it’s an excellent conductor of electricity, it is one of the most chemically stable of the elements, and is extremely resistant to corrosion. Instead of traditional means of investing in gold, such as coins, bullion, and mining stocks, gold futures and options provide and easy and convenient solution for market participants to trade with it.

Contract Size 100 oz.
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD price of 1 oz.
Ticker Symbol GC
Details Contract specifications
Silver

Silver

Before becoming a valuable and practical industrial metal and an appealing investment tool, silver was used for the nation’s coinage for a long time. It played a key role in the United States monetary system when in 1792, Congress based the currency on the silver dollar, and its fixed relationship to silver. Instead of traditional means of investing in silver, such as coins and mining stocks, silver futures and options provide and easy and convenient solution for market participants to trade with it.

Contract Size 5,000 oz.
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD price of 1 oz.
Ticker Symbol SI
Details Contract specifications
Copper

Copper

Copper has the highest electrical conductivity among precious metals, that is why it is widely used in technology. It is also an excellent thermal conductor. Biggest miners of copper is Chile. There are plenty of it (100,000,000,000,000 tons in the top 1 kilometer of Earth's crust), however most of it is not economical to mine with current technologies.

Contract Size 25,000 lbs.
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD price of 1 lbs.
Ticker Symbol HG
Details Contract specifications
Palladium

Palladium

Its name derives from the Greek goddess Pallas Athene. It is the member of the platinum group. Greatest deposits are found in South Africa, in Montana (US), Ontario (Canada) and Norilsk (Russia). The famous 2000-2001 palladium rally was partly caused by serious Russian supply shortages. After the price collapse, Ford lost ca. $1 billion, because it has amassed large amounts of the metal at very high prices.

Contract Size 50 oz.
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD price of 1 oz.
Ticker Symbol PA
Details Contract specifications
Platinum

Platinum

Platinum group metals are ruthenium, osmium, iridium, palladium, rhodium and platinum which is the principal metal of them all. Demand for platinum consists of the following: jewelry 51%, automotive catalysts 29%, chemical and petroleum refining catalysts 13% and computer industry 7%. Supplies of platinum consist of the following: South Africa 80%, Russia 11% and North America 6%. Platinum is among the world's scarcest metals; new mine production totals approximately only 5 million troy ounces a year. Because of its relatively low production and concentration among a few suppliers and the metal's importance as an industrial material, platinum prices can be very volatile.

Contract Size 50 oz.
Exchange Chicago Mercantile Exchange (CME)
Price Quote USD price of 1 oz.
Ticker Symbol PL
Details Contract specifications
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