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 16 August 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 17.160
Month 1 17.160
Month 6 17.330
Month 12 17.495
Month 24 17.770

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
14 Aug 120     - 
13 Aug  172  2,403
12 Aug 608  2,400
09 Aug 441  2,414
08 Aug 194  2,414 
07 Aug 285  2,393
06 Aug 288  2,400
05 Aug 121  2,395
02 Aug 214  2,406
01 Aug 114  2,409
 
 
 
 
 
 
 
 

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
16-Aug 17.110 17.180 17.225
15-Aug 17.260 17.285 17.185
14-Aug 17.045 17.115 17.215
13-Aug 17.420 17.465 16.865
12-Aug 16.975 16.950 16.975
09-Aug 17.050 17.005 16.935
08-Aug 17.085 17.020 16.910
07-Aug 16.775 16.805 17.085
06-Aug 16.375 16.390 16.400
05-Aug 16.430 16.480 16.495
02-Aug 16.140 16.145  16.145
01-Aug 16.055 16.000 16.075

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.