Global Scenario
Silver is primarily traded on the London Bullion Market Association (LBMA) and COMEX in New York. The LBMA serves as the leading global platform for over-the-counter (OTC) silver trading and is the main physical market for silver. COMEX, on the other hand, is a futures and options exchange where much of the fund activity is concentrated. Silver prices are universally quoted in US dollars per troy ounce.