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TMCNet:  Futures market survey: 80 pct expect range trading of Shanghai silver on Wed.

[December 11, 2012]

Futures market survey: 80 pct expect range trading of Shanghai silver on Wed.

BEIJING, Dec 11, 2012 (Xinhua via COMTEX) -- About 80 percent futures exp erts surveyed by the China Finance Corporation, a financial informatio n provider run by Xinhua News Agency, expect range-bound trading of si lver futures traded on the Shanghai Futures Exchange (SHFE) on Wednesd ay, while 20 percent are bearish about the commodity.
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The benchmark silver contract, for January delivery, opened 0.1 2 percent lower at 6,684 yuan/kg on Wednesday.

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

The futures brokers that expect range-bound trading of Shanghai silver include Jintai Futures, HNA Futures, Zhaojin Futures and Hongyu an Futures.

The futures brokers that are bearish about Shanghai silver inclu de Donghua Futures. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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