Another big day for the metals

nccoin

I noticed silver was up 27 cents today. I thought I had heard once that there is now a 1 day cap of 50 cents on silver put into place after what happened in 79-80 meaning it cannot go up or down more than 50 cents in one day. Does anyone know if this is true?

relayer

Yes, (some, but not all) futures contracts have daily limits where trading is halted for the day when reached.

cladking

I was wondering about the same thing. The limit in '79 was $.50, but I had thought they changed it to $.25.

Deadhorse

Hmmm............seems to me we had a drop of close to 50 cents in a single day in late Septemeber, I know for sure it was more than a quarter.

Manorcourtman

TTT, anyone invested in copper?? I have 100lbs of old pennies!

LAWMAN

And $1.27 will get you a Euro.

nccoin

I thought there were days back in 79-80 when the price of silver was jumping or dropping 2-4 dollars a day. Can you imagine!

DCAMFranklin

A very good day in the gold market.

SportsModerator

It was a good day

Period!

bulloncoins

<< <i>I noticed silver was up 27 cents today. I thought I had heard once that there is now a 1 day cap of 50 cents on silver put into place after what happened in 79-80 meaning it cannot go up or down more than 50 cents in one day. Does anyone know if this is true? >>



This might interest yall.....Trading limits on silver

Hope it helps.

nccoin

Interesting article, thanks.

bulloncoins

<< <i>Interesting article, thanks. >>



Happy to help.

jimtre

Travis

I read your info on the trading limits of silver. I found it interesting and (quite frankly am confused),

As I haven't done futures in many,many years I am of course out of the loop. But I do think you will find limits EXCEPT the current futures month.

I remember back in the silver RISE & CRASH nothing was traded for days, the limits did not allow the futures to go down as fast as the cash price of silver did. It was devastating for MANY! Unless you were short.

Jim