News Detail

Date/Time
26 May 2011 19:26:00
Headline
TFEX News :Leading silver market maker confident on silver futures in Thailand
Symbol
SET
Source
SET
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                                                 TFEX News   9 /2011
                                                  May 26, 2011


Leading silver market maker confident on silver futures in Thailand

The Nova Scotia Group, one of the world's leading gold and silver market makers,
is confident on the prospects of silver futures in Thailand, one of their
specialists in this instrument noted. Scotia's  executive , Mr. Sunil Kashyap
was speaking at a seminar hosted by the Thailand Futures Exchange (TFEX) to
provide information on trends, techniques, and strategies of gold and silver
trading. This program helped pave the way for when Thailand starts silver
futures trading this June 20.

On May 24, TFEX and Thailand Securities Institutes, both in The Stock Exchange 
of Thailand Group, held a seminar on "Discover New Trading Opportunity with
Silver Futures."  Kashyap revealed, "The main supply of gold and silver is from
mining production, smelting from used gold and silver, and sales of central
banks, while the demand of gold and silver is for jewelry production, industrial
usage, and investment. Gold and silver investment has received dramatically
great attention during these years, to manage inflation risk. Gold and silver
are good investment alternatives during economic downturns as well. The surge in
silver prices is also a factor attracting investors to invest more in silver
and silver-underlying financial tools, such as silver futures and silver ETF."

"Moreover, silver futures trading in the world's important futures markets, 
e.g., COMEX , in the United States; TOCOM, in Japan, and MCX, in India, enjoyed
continuous growth last year, due to the popularity in silver investment. Using
silver and gold futures, investors can invest in both of these precious metals
by using the gold/silver ratio, a proportion of gold and silver prices that can
be used to appraise trading prices. Short-term investors may also consider other
technical factors, while long-term investors should consider fundamental
factors, such as demand, supply, and exchange rates," said Kashyap.

"Those interested in trading this new product should study the contract 
specifications and strategies before actually trading. In addition, investors
should determine the acceptable profit and loss levels before investing. Silver
futures trading will substantially benefit investors, if they have investment
discipline and keep up with market movements," concluded Kashyap.

For more information about silver and gold futures, please visit www.tfex.co.th 
to join the next seminar, or call S-E-T Call Center at 0 2229 2222.
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