COMEX has position limits, which are the maximum number of contracts that you can have open per month. 6,000 contracts are the position limit for Silver, and each contract represents 5,000 troy ounces.
In the current market, (4th April, 2012) the position limit would be worth about AU $912,600,000
Source: [Page 69] http://www.cmegroup.com/rulebook/NYMEX/1/5.pdf#page=49
Source: http://www.cmegroup.com/market-regulation/rulebook/index.html
No comments:
Post a Comment