The Chicago Board of Trade’s precious metals complex achieved a new record as daily volume climbed to 42,983 contracts. The previous record, 40,388 contracts, was set on March 30, 2006.
The record for metals futures was fueled by the exchange’s silver futures complex, which set a new volume record for the second consecutive day. The new silver complex record stands at 10,635 contracts, surpassing Monday’s record of 6,844 contracts by 55%.
Both Full-sized (5,000 Oz.) and mini-sized (1,000 Oz.) silver futures contracts set records. Volume for the Full-sized contract was 6,315 contracts, eclipsing the 4,002 contracts traded on the previous day. Mini-sized Silver futures traded 4,320 contracts on Tuesday, breaking the record set on April 13, 2004.
Month-to-date, the CBOT Precious Metals complex accounts for 25% of listed metals futures traded in North America.