so wide for silver during the Hong Kong, Sydney and Globex markets so much wider, 5 to 10 cents, per ounce, and when London and the Mercanatile are open, much less, generally 2 cents up to 5? Is there some reasoning that I'm unaware of? I've always noticed it, just never really paid much attention to it.
From what I remember from studies, most of the commodity exchanges control the bid and ask differences according to the volatility and bid/ask volumes at the time. Their job is to be sure that if someone wishes to buy, there will be silver ( or other commodities) sellers to sell, and reverse. If the number/availability tends to become lopsided, bid/ask can be adjusted to allow the balance to recover. This allows a pricing to generally be available, even through high volume/volatility. A large market can be tighter as generally more commodity is traded. I sometimes trade stock options and the B/A varies for the similar reasons.
I was thinking it was because there was more than one market open and they were reporting different bids/asks. Thanks for the info.
