Precious Metal Derivatives - Greece

Greece

The nominal value in the Precious Metal Derivatives market is projected to reach US$24.36bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.65% resulting in a projected total amount of US$32.07bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.12 in 2024.
From a global comparison perspective it is shown that the highest nominal value is reached in the United States (US$11,920.00bn in 2024).
In the Precious Metal Derivatives market, the number of contracts is expected to amount to 242.10k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Greece has seen a notable increase in trading activity and interest among investors.

Customer preferences: Investors in Greece are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The appeal of these derivatives lies in their ability to provide exposure to the price movements of precious metals without the need to own physical assets.

Trends in the market: One of the key trends in the Precious Metal Derivatives market in Greece is the growing demand for gold derivatives. Gold has always been a popular choice for investors seeking a safe haven asset, especially during times of economic uncertainty. The rise in geopolitical tensions and global economic risks has further fueled this demand, driving up trading volumes in gold derivatives.

Local special circumstances: Greece's historical significance in the world of precious metals, particularly in ancient times, has contributed to a cultural affinity towards these assets. This historical connection has translated into a modern-day interest in trading Precious Metal Derivatives as a way to participate in the market dynamics of these metals.

Underlying macroeconomic factors: The economic landscape in Greece, marked by periods of instability and recovery, has led investors to seek alternative investment opportunities such as Precious Metal Derivatives. The low interest rate environment and fluctuating currency value have also played a role in driving interest towards these derivatives as a means of capitalizing on potential price movements in precious metals.

Methodology

Data coverage:

Figures are based on commodity derivatives, their notional value, the number of contracts traded, the open interest (outstanding contracts at the end of a year), and the average value of a contract.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use market research & analysis, and data of World Bank, as well as the World Federation of Exchanges. Furthermore, we use relevant key market indicators and data from country-specific associations and national data bureaus such as GDP, wealth per capita, and the online banking penetration rate. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. In this market, we use the HOLT-damped Trend method to forecast future development. The main drivers are GDP per capita an the online banking penetration rate.

Additional Notes:

The market is updated twice per year in case market dynamics change.