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TMCNet:  Futures market survey: 67 pct expect range trading of Shanghai silver on Tue.

[December 17, 2012]

Futures market survey: 67 pct expect range trading of Shanghai silver on Tue.

BEIJING, Dec 17, 2012 (Xinhua via COMTEX) -- About 67 percent futures experts surveyed by the China Finance Corporation, a financial information provider run by Xinhua News Agency, expect range-bound trading of the silver futures traded on the Shanghai Futures Exchange (SHFE) on Tuesday, while 22 percent are bullish and the rest 11 percent are negative about the commodity.
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The SHFE benchmark silver contract, for June delivery, opened 18 yuan higher at 6805 yuan/kg on Tuesday morning.

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

The futures brokers that are bullish about Shanghai Silver include Galaxy Futures and Yintai Futures.

The futures brokers that expect range-bound trading of Shanghai Silver include ITG Futures, Yide Futures and HNA Futures.

The futures brokers that are bearish about Shanghai Silver include Shanghai Sinosteel Futures. (Edited by Wang Li, wangle1@xinhua.org)

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