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 7 August 2020

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 27.565
Month 1 27.565
Month 6 27.625
Month 12 27.685
Month 24 27.800

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
05 Aug  0    - 
04 Aug  0 315 
03 Aug  0 315 
31 Jul  0 315 
30 Jul  0 315 
29 Jul  0 315 
28 Jul  0 315 
27 Jul  0 315 
24 Jul  0 315 
23 Jul  0 315 
22 Jul  0 315 
21 Jul  0 315 
20 Jul  0 315 
17 Jul  0 315 
16 Jul  0 315 
15 Jul  0 315 
14 Jul  0 325 
13 Jul  0 325 
10 Jul  0 325 
09 Jul  0 325 
08 Jul  0 325 
07 Jul  0 325 
06 Jul  0 325 
03 Jul  0 325 
02 Jul  0 325 
01 Jul  0 325 
30 Jun  0 325 
29 Jun  0 325 
26 Jun  0 325 
25 Jun  0 325 
24 Jun  0 325 
23 Jun  0 325 
22 Jun  0 325 
19 Jun  0 325 
18 Jun  0 325 
17 Jun  0 325 
16 Jun  0 365 
15 Jun  0 365 
12 Jun  0 365 
11 Jun  0 365 
10 Jun  0 365 
09 Jun  0 365 
08 Jun  0 365 
05 Jun  0 365 
04 Jun  0 365 
03 Jun  0 365 
02 Jun  0 365 
01 Jun  0 365 
29 May  0 365 
28 May  0 365 
27 May  0 365 
26 May  0 365 
22 May  0 365 
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
07-Aug 28.415 28.315 27.925
06-Aug 27.735 27.785 28.295
05-Aug 26.565 26.885 26.950
04-Aug 24.245 24.280 24.370
03-Aug 24.300 24.210 24.060
31-Jul 24.070 24.060 23.935
30-Jul 23.495 23.270 23.475
29-Jul 24.310 24.265 24.170
28-Jul 23.860 23.670 23.950
27-Jul 24.035 24.410 24.235
24-Jul 22.680 22.505 22.800
23-Jul 22.815 22.850 22.605
22-Jul 21.745 22.190 22.170
21-Jul 20.380 20.515 21.080
20-Jul 19.385 19.425 19.705
17-Jul 19.160 19.195 19.250
16-Jul 19.250 19.280 19.340
15-Jul 19.295 19.300 19.180
14-Jul 19.045 18.935 19.065
13-Jul 19.085 19.100 19.110
10-Jul 18.735 18.730 18.630
09-Jul 18.930 18.825 18.925
08-Jul 18.360 18.460 18.610
07-Jul 18.135 18.055 18.240
06-Jul 18.145 18.190 18.345
03-Jul 18.010 18.010  18.010 
02-Jul 17.955 17.965 18.105
01-Jul 18.355 18.180 18.125
30-Jun 17.815 17.830 17.900
29-Jun 17.830 17.880 17.795
26-Jun 17.800 17.825 17.695
25-Jun 17.595  17.585 17.630
24-Jun 17.930  17.905 17.650
23-Jun 17.810 17.785 17.950
22-Jun 17.900 17.840 17.990
19-Jun 17.485  17.490 17.665
18-Jun 17.610  17.565 17.385
17-Jun 17.470 17.480 17.490
16-Jun 17.400 17.375  17.495
15-Jun 17.140 17.110 17.105
12-Jun 17.700 17.655 17.675 
11-Jun 17.870 17.875 18.015
10-Jun 17.670 17.670 17.895
09-Jun 17.675 17.660 17.685
08-Jun 17.655 17.640  17.480
05-Jun 17.705 17.770 17.355
04-Jun 17.720 17.755 17.635
03-Jun 17.910 17.870 17.720
02-Jun 18.250 18.240 18.240
01-Jun 18.140 18.110 18.085

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.