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TMCNet:  Futures market survey: 60 pct bullish about Shanghai silver on Tue.

[January 14, 2013]

Futures market survey: 60 pct bullish about Shanghai silver on Tue.

BEIJING, Jan 14, 2013 (Xinhua via COMTEX) -- About 60 percent futures exp erts surveyed by the China Finance Corporation, a financial informatio n provider run by Xinhua News Agency, are bullish about silver futures traded on the Shanghai Futures Exchange (SHFE) on Tuesday, while 40 p ercent expect range-bound trading of the commodity.


The benchmark silver contract, for June delivery, opened 98 yua n higher at 6,555 yuan/kg on Tuesday.

Futures experts here include futures brokers, research in stitutions and other market observers.

The futures brokers that are bullish about Shanghai silver incl ude Founder Futures, Anxin Futures and Galaxy Futures.

The futures brokers that expect range-bound trading of Shanghai silver include Donghua Futures and Beijing Jinzheng Capital Investmen t Co. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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