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 27 March 2020

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 14.380
Month 1 14.390
Month 6 14.505
Month 12 14.630
Month 24 14.680

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
23 Mar 103     - 
20 Mar 98  529
19 Mar 123 529
18 Mar 111 532
17 Mar 141  629
16 Mar 138  634
13 Mar 98  629
12 Mar 100  629
11 Mar 106  629
10 Mar 99 630
9 Mar 98 629
6 Mar 98 629
5 Mar 98 629
4 Mar 98  629
3 Mar 98  629
2 Mar  98  629
 
 
 
 
 
 
 
 

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
30-Mar 14.140    
27-Mar 14.480 14.370 14.340
26-Mar 14.405 14.405 14.430
25-Mar 14.405 14.080  14.250 
24-Mar 14.055 13.705 13.890
23-Mar  12.585  12.540 12.835
20-Mar 12.825 12.655 12.690
19-Mar 12.005 12.020 12.015
18-Mar 12.465 12.420 12.110
17-Mar 12.270 12.365 12.885
16-Mar 12.960 12.710 12.920
13-Mar  15.815 15.660  15.215
12-Mar 16.690 16.495 15.930 
11-Mar 17.020 17.015 16.905 
10-Mar  17.055 17.080 16.900 
09-Mar  16.975 16.890 16.900
06-Mar 17.390 17.480 17.380
05-Mar 17.235 17.230 17.305
04-Mar 17.265 17.240 17.165
03-Mar 16.815 16.790 17.040
02-Mar 16.955 16.875 16.710

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.