Silver spiked to over $35 an ounce in late February, but has since slipped back near $28 an ounce, where it started the year. But the long-term silver prices outlook remains bullish.
On May 10, the Shanghai Futures Exchange (SFE) began trading silver futures and got off to a good start.
As the world's leading silver producer and the second-biggest consumer of the precious metal, expectations are high for the contract not only for China but worldwide.
Market watchers are focused on the upcoming FOMC Meeting on June 19-20, followed by a Federal Reserve Chief Ben Bernanke press conference.
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