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 26 May 2020

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 17.160
Month 1 17.165
Month 6 17.215
Month 12 17.285
Month 24 17.405

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
22 May  0    - 
21 May  0 365 
20 May  0 365 
19 May  0 390 
18 May  0 390 
15 May  0 390 
14 May  0 390 
13 May  0 390 
12 May 390 
11 May 390

7 May

390
6 May 390
5 May 390
4 May 390
1 May 390
 
 
 
 
 
 
 
 

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
27-May 17.150    
26-May 17.315 17.305 17.245
22-May 17.000 17.000 17.150
21-May 17.305 17.235 17.150
20-May 17.450 17.440 17.510
19-May 17.105 17.105 17.350
18-May 17.255 17.445 16.915
15-May 16.200 16.235 16.360
14-May 15.525 15.485 15.685
13-May 15.470  15.510 15.470
12-May 15.490 15.430 15.540
11-May 15.390 15.405 15.500
07-May 14.990 14.960 15.140
06-May 15.065 15.045 14.955
05-May 14.795 14.795 14.860
04-May 14.915 14.900 14.855
01-May 14.910 14.905 14.915

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.