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 23 October 2020

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 24.600
Month 1 24.605
Month 6 24.660
Month 12 24.710
Month 24 24.795

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
21 Oct  0    - 
20 Oct  0 275 
19 Oct  0 275 
16 Oct  0 275 
15 Oct  0 275 
14 Oct  0 275 
13 Oct  0 275 
12 Oct  0 275 
09 Oct  0 275 
08 Oct  0 275 
07 Oct  0 275 
06 Oct  0 275 
05 Oct  0 275 
02 Oct  0 275 
01 Oct  0 275 
30 Sep  0 275 
29 Sep  0 275 
28 Sep  0 275 
25 Sep  0 275 
24 Sep  0 275 
23 Sep  0 275 
22 Sep  0 275 
21 Sep  0 275 
18 Sep  0 275 
17 Sep  0 275 
16 Sep  0 275 
15 Sep  0 305 
14 Sep  0 305 
11 Sep  0 305 
10 Sep  0 305 
09 Sep  0 305 
08 Sep  0 305 
07 Sep  0 305 
04 Sep  0 305 
03 Sep  0 305 
02 Sep  0 305 
01 Sep  0 305 
28 Aug  0 305 
27 Aug  0 305 
26 Aug  0 305 
25 Aug  0 305 
24 Aug  0 305 
21 Aug  0 305 
20 Aug  0 305 
19 Aug  0 305 
18 Aug  0 315 
17 Aug  0 315 
14 Aug  0 315 
13 Aug  0 315 
12 Aug  0 315 
11 Aug  0 315 
10 Aug  0 315 
07 Aug  0 315 
06 Aug  0 315 
05 Aug  0 315 
04 Aug  0 315 
03 Aug  0 315 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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
23-Oct 24.800 24.745 24.680
22-Oct 24.845 24.925 24.660
21-Oct 24.995 24.960 25.150
20-Oct 24.555 24.605 24.540
19-Oct 24.735 24.805 24.605
16-Oct 24.355 24.380 24.415
15-Oct 23.850 23.985 23.900
14-Oct 24.145 24.145 24.560
13-Oct 25.050 24.985 24.235
12-Oct 24.975 25.010 25.075
09-Oct 24.245 24.330 24.660
08-Oct 23.940 23.960 23.925
07-Oct 23.620 23.535 23.720
06-Oct 24.335 24.325 24.150
05-Oct 23.905 23.910 24.090
02-Oct 23.875 23.925 24.040
01-Oct 23.590 23.605 23.525

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.