Main futures on metals include copper, gold, platinum and silver. The last three are usually related to the precious metals, while copper is considered an industrial metal.
The greatest interest as trading instruments are gold (Gold), silver (Silver) and Copper (Hi-Grade Copper). The primary market for these futures is the COMEX (Commodities Exchange) Division of NYMEX (New York Mercantile exchange). Similar offers contracts and CBOT. The size of the contract – a contract NYMEX gold corresponds to 1.000 troy ounces of silver – 5,000 troy ounces, copper – 25,000 pounds.
Tickers on NYMEX – Gold GC, silver SI, copper CP. eCBOT, respectively gold ZG, silver ZI.
Gold is traded in US dollars per troy ounce, tick size – 0.1 corresponds to $ 10 per contract (hereinafter, where the contracts are traded in pita bread and electronically, the size and cost of teak – on electronic contracts). Silver also traded in dollars / cents per ounce, tick size of 0.1 cents, equivalent to 5 per contract. Copper traded in cents per pound, the minimum price change of – 0.05 cents, corresponding to $ 12.50 on contract.