The glamorous, shiny and most sought after trophy in professional sports was captured Wednesday night when the Boston Bruins hockey team vanquished the Vancouver Canucks in British Columbia.
"It was actually pretty heavy," defenseman Dennis Seidenberg of the Bruins told the Boston Globe of the prestigious trophy. "You get weak during the playoffs. It was pretty heavy."
At 35-plus inches tall and weighing nearly 547 ounces, the Stanley Cup used today is an exact replica of an original trophy. That original trophy consisted of pure silver.
With silver prices at $35.455 per troy ounce at 3:10 p.m. on Thursday, the present-day Stanley Cup also holds some monetary value – on top of the sentimental value as the ultimate prize of professional hockey. If the Cup were of 100 percent silver rather than also holding an alloy, it would be even more valuable.
Lord Stanley's Cup would be worth about $19,385.
This material is conveyed as a solicitation for entering into a derivatives transaction.
This material has been prepared by a Daniels Trading broker who provides research market commentary and trade recommendations as part of his or her solicitation for accounts and solicitation for trades; however, Daniels Trading does not maintain a research department as defined in CFTC Rule 1.71. Daniels Trading, its principals, brokers and employees may trade in derivatives for their own accounts or for the accounts of others. Due to various factors (such as risk tolerance, margin requirements, trading objectives, short term vs. long term strategies, technical vs. fundamental market analysis, and other factors) such trading may result in the initiation or liquidation of positions that are different from or contrary to the opinions and recommendations contained therein.
Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts or commodity options can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results.
You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources. You should read the "risk disclosure" webpage accessed at www.DanielsTrading.com at the bottom of the homepage. Daniels Trading is not affiliated with nor does it endorse any trading system, newsletter or other similar service. Daniels Trading does not guarantee or verify any performance claims made by such systems or service.