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 18 April 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 14.985
Month 1 15.010
Month 6 15.190
Month 12 15.415
Month 24 15.845

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
17 Apr 139     - 
16 Apr 158  3,342
15 Apr 294  3,499 
12 Apr 443  3,709
11 Apr 841  3,884 
10 Apr 760  3,930
9 Apr 367  3,554 
8 Apr 234  3,569 
5 Apr 228  3,602
4 Apr 108  3,599 
3 Apr 127  4,192 
2 Apr 1,402  4,222
1 Apr 204  3,130
 
 
 
 
 
 
 
 

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

LME Silver Volumes and Market Open Interest: Current calendar year

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LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday   PM
18-Apr 15.010  14.960 15.000
17-Apr 15.010  15.010 15.005 
16-Apr  14.955  14.965 14.960
15-Apr  14.940 14.935  14.880 
12-Apr 15.030 15.070 15.075
11-Apr 15.170 15.165 15.090
10-Apr 15.245 15.245 15.230
09-Apr 15.275 15.260 15.265
08-Apr 15.155 15.155 15.240
05-Apr 15.155 15.200 15.155
04-Apr  15.095  15.085  14.985 
03-Apr  15.165  15.160  15.060 
02-Apr 15.055 15.030 15.070
01-Apr  15.125 15.075  15.160

 

LME Silver Reference prices: Current calendar year

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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.