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CME Group sees record precious metals volumes during Tuesday's gold, silver price drops

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(Kitco News) When gold and silver prices were seeing their steep price pullbacks on Tuesday, CME’s precious metals platform recorded new all-time high volumes. “Precious Metals markets reached a record average daily volume (ADV) of 1.55 million contracts on August 11, surpassing the previous record of 1.51 million set February 28, 2020,” CME Group said in a press release Wednesday. “A record 397,000 Silver futures contracts were traded on August 11, 2020, surpassing the prior record of 329,000 set on August 7, 2020.” Overall, August has seen very high trading levels, noted the CME Group managing director Young-Jin Chang. “We have seen record volumes through the month of August and continue to focus on providing our global client base with the tools they need to mitigate risk going forward.” 

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