Precious Metal Derivatives - Slovakia

Slovakia

The nominal value in the Precious Metal Derivatives market is projected to reach US$13.69bn in 2024.
It is expected to show an annual growth rate (CAGR 2024-2029) of 5.63% resulting in a projected total amount of US$18.00bn by 2029.
The average price per contract in the Precious Metal Derivatives market amounts to US$0.15 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 113.10k by 2029.

Market

Region

Region comparison

Currency

Analyst Opinion

The Precious Metal Derivatives market in Slovakia is experiencing a notable surge in interest and activity.

Customer preferences: Investors in Slovakia are increasingly turning to Precious Metal Derivatives as a way to diversify their portfolios and hedge against market volatility. The allure of potentially high returns and the ability to trade these financial instruments easily are driving this shift in customer preferences.

Trends in the market: One prominent trend in the Precious Metal Derivatives market in Slovakia is the growing participation of retail investors. This trend is fueled by the accessibility of online trading platforms and the desire of individuals to take control of their investments. Additionally, there is a noticeable increase in the trading volume of these derivatives, indicating a rising interest among market participants.

Local special circumstances: Slovakia's proximity to major financial centers in Europe, such as Frankfurt and Vienna, provides investors in the country with easy access to global financial markets. This geographical advantage contributes to the growing popularity of Precious Metal Derivatives among Slovakian investors who are looking to tap into international market opportunities.

Underlying macroeconomic factors: The economic stability and steady growth of Slovakia's economy are providing a favorable environment for investors to explore alternative investment options like Precious Metal Derivatives. Additionally, the low interest rate environment in the country is prompting investors to seek out higher-yielding assets, further driving the demand for these financial instruments.

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.