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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 21 June 2021

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 25.980
Month 1 25.985
Month 6 26.010
Month 12 26.045
Month 24 26.140

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
18 Jun  0    - 
17 Jun  0 30 
16 Jun  0 30 
15 Jun  0 120 
14 Jun  0 120 
11 Jun  0 120 
10 Jun  0 120 
09 Jun  0 120 
08 Jun  0 120 
07 Jun  0 120 
04 Jun  0 120 
03 Jun  0 120 
02 Jun  0 120 
01 Jun  0 120 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

1 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 Closing Prices

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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)

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LMEprecious data providers

The market data providers in the list below provide real-time pricing for LMEprecious contracts.

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Contact us

For further information please email our LMEprecious team.