The Phaserl


Night trading boosts SHFE Gold,Silver volume

from BullionStreet:

A week after starting night hours trading, China’s Shanghai Futures Exchange (ShFE) registered record volumes in gold and silver.

Weekly buy and sell trading volume for the most active gold contract more than doubled from a week ago to 2.06 million lots as of Friday, exchange data showed.

Daily transactions for gold rose to a record of 595,642 lots on Thursday, compared to an average of 483,529 lots in June, the data showed.

Daily volume for the silver contract rose roughly six-fold from a week ago to 2.23 million lots on Thursday.

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