Japanese gold and silver futures markets were led by the U.S. market ….S. and Japanese gold and silver futures markets with consideration of structural breaks in the price series. The LOP … condition did not hold for both the gold and silver markets when structural breaks were not considered but it sustained in some …

models – to high-frequency data to predict the one-day forward volatilities of two strategically linked commodities, gold and … silver. We provide evidence that it is difficult to beat the benchmark model of Corsi (2009) using univariate models and that …