Description
The COMEX Silver Futures Price is published by the Commodity Exchange (COMEX) in New York and reflects the market's expectations for the future price of silver at a specific point in time. The price of silver futures is influenced by various factors, including global economic conditions, industrial demand, monetary policy, geopolitical events, inflation expectations, and the movement of the U.S. dollar.
When the market perceives uncertainty regarding economic prospects or industrial demand, investors often buy silver futures as a hedge or investment tool, driving the price up. Conversely, when market sentiment is stable and industrial demand slows, silver demand may decrease, leading to a drop in prices. Additionally, since silver has more extensive industrial applications, it is more susceptible to economic cycles, making its price volatility typically higher than that of gold.
This data is released daily, providing the latest silver futures prices from the day's market trading.