LME Silver

The LME Silver contract combines daily tradeable dates with monthly and quarterly trading dates. In this way, the system seamlessly blends the daily structure of the London over-the-counter (OTC) market, and the monthly futures approach of existing exchange offerings.

The contract can be traded electronically from 01.00 to 20.00 (London time) via LMEselect, and through the 24-hour inter-office telephone market.

Market participants can access LME Silver prices for free using LMElive.

Data valid for 20 January 2021

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 25.705
Month 1 25.710
Month 6 25.750
Month 12 25.805
Month 24 25.875

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
19 Jan  0    - 
18 Jan  0 170 
15 Jan  0 170 
14 Jan  0 170 
13 Jan  0 170 
12 Jan  0 170 
11 Jan  0 170 
08 Jan  0 170 
07 Jan 0 170 
06 Jan 0 170 
05 Jan 0 170
04 Jan 0 170
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Volumes are quoted in lots and published T+2 days in arrears
2 Market Open Interest (the total of member and client open positions in lots) is published T+3 in arrears

Historical LME Silver Volumes and Market Open Interest

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LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday   PM
20-Jan 25.390 25.340 25.515
19-Jan 25.360 25.280 25.100
18-Jan 24.910 24.920 24.915
15-Jan 25.480 25.265 25.080
14-Jan 25.155 25.275 25.450
13-Jan 25.390 25.385 25.370
12-Jan 25.520 25.500 25.230
11-Jan 25.125 24.985 24.995
08-Jan 26.575 26.720 26.045
07-Jan 26.980 27.125 27.100
06-Jan 27.760 27.520 27.225
05-Jan 27.420 27.475 27.235
04-Jan 27.250 27.230 27.535
31-Dec 26.465
30-Dec 26.270 26.285 26.390
29-Dec 26.245 26.190 26.055
24-Dec 25.745
23-Dec 25.490 25.330 25.660
22-Dec 25.940 25.830 25.860
21-Dec 25.795 26.220 26.200
18-Dec 25.820 25.835 25.800
17-Dec 25.640 25.720 26.020
16-Dec 25.140 25.140 24.795
15-Dec 24.260 24.220 24.475
14-Dec 23.745 23.895 24.120
11-Dec 23.910 23.860 23.990
10-Dec 23.865 23.860 24.220
09-Dec 24.300 24.150 24.045
08-Dec 24.605 24.525 24.685
07-Dec 23.845 23.795 24.530
04-Dec 24.185 24.225 24.155
03-Dec 24.025 24.170 23.895
02-Dec 24.220 24.025 23.865
01-Dec 23.130 23.500 23.665

 

From the 16 January 2021 the LME will stop calculating and publishing the LMEprecious Reference Prices. Please refer to notice 20/290.

 

LME Silver Reference prices: Historical data

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LME Silver Closing Prices

LME Silver Contract specifications

Name Silver
Contract code AG
Contract type
Futures
Underlying material
Loco London Fine Silver held in London and complying with standards relating to good delivery and fineness acceptable to the Precious Metal Clearer of the Clearing House for the purpose of effecting settlement with the Clearing House, as such standards are in effect from time to time
Lot size
5,000 troy ounces
Price quotation
US Dollars and cents per troy ounce
Clearable currencies
US Dollars
Trading venues
LMEselect Inter-office market
Trading Hours 01:00 – 20:00 London time
24 hours
Contract period
Daily Dates tradeable from T+1 to T+3, Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook
Daily Dates tradeable from T+1 to T+25 Monthly Dates for at least 24 months (third Wednesday Prompt) and for a further twelve Calendar Quarterly Dates, as defined in the LME Rulebook
Minimum price fluctuation (tick size)
$0.00500 per troy ounce
$0.00001 per troy ounce
(Carries) $0.00001 per troy ounce $0.00001 per troy ounce
Termination of trading
The last trading time for LMEprecious Silver Futures shall be 16:00 London time on the Last Trading Day. The Last Trading Day for LMEprecious Silver Futures shall be the Business Day which is one Business Day before the Prompt Date.
Settlement procedure
All unallocated Precious Metal deliveries to LME Clear should be made to LME Clear's nominated Precious Metal Clearer, in accordance with the Settlement Instructions issued by LME Clear
Margining
Realised Variation Margins applied

1 Defined terms used in this contract specification shall have the meaning ascribed to them in the LME Rulebook or LME Clear Rulebook (as appropriate)

LMEprecious data providers

The market data providers in the list below provide real-time pricing for LMEprecious contracts.