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TMCNet:  Futures market survey: 80 pct bullish about Shanghai silver on Tue.

[February 04, 2013]

Futures market survey: 80 pct bullish about Shanghai silver on Tue.

BEIJING, Feb 04, 2013 (Xinhua via COMTEX) -- About 80 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, are bullish about silver futures traded on the Shanghai Futures Exchange (SHFE) on Tuesday, while 20 percent expect range-trading of the commodity.


The benchmark silver contract, for June delivery, opened 0.2 percent lower at 6,594 yuan/kg Tuesday.

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

The futures brokers that are bullish about Shanghai silver include Zhaojin Futures, Founder Futures, Galaxy Futures and Dongyin Futures.

The futures brokers that expect range-bound trading of Shanghai silver include Dayou Futures.

(Edited by Liu Xiaoyun, liuxy08@xinhua.org)

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