Silver Singapore Futures Go Live on Abaxx Exchange for Trading
Abaxx Exchange launched physically deliverable Silver Singapore futures, a 1,000 oz contract aimed at enhancing price discovery and risk management for global industrial silver markets.
Abaxx Exchange has begun trading Silver Singapore (SSP) futures, a new physically deliverable contract for 1,000 troy ounces of 99.99% pure silver. The contract, launched from Singapore, is designed to serve the global industrial silver market, which relies on silver for electronics, solar panels, and other manufacturing applications.
The launch expands Abaxx Exchange's precious metals product suite and provides market participants with a new tool for price discovery and risk management. The contract is physically deliverable, meaning that upon expiration, holders can take delivery of the physical metal, which is a key feature for industrial users and refiners. This differentiates it from cash-settled contracts and may appeal to participants seeking direct exposure to the physical silver market.
For precious metals traders, the introduction of a new silver futures contract adds liquidity and depth to the global silver market. Traders can monitor the performance of the SSP contract alongside existing benchmarks like COMEX silver futures on NowPrice's live gold dashboard. The contract's launch in Singapore also highlights the growing role of Asian financial hubs in precious metals trading. Market participants will watch for initial trading volumes and open interest to gauge adoption, as well as any impact on the silver price differential between Singapore and other major exchanges.