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 12 December 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 16.875
Month 1 16.875
Month 6 17.040
Month 12 17.225
Month 24 17.550

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
11 Dec 103     - 
10 Dec 98 1,579
9 Dec 103  1,579
6 Dec 98 1,579
5 Dec 98  1,579
4 Dec 103  1,579
3 Dec 98  1,579
2 Dec 98  1,579
29 Nov 398  1,579
28 Nov 98 1,581
27 Nov 5 1,581
26 Nov 146 1,581
25 Nov 184 1,589
22 Nov 174 1,606
21 Nov 195 1,599
20 Nov 188  1,599
19 Nov 188 1,699
18 Nov 188  1,699
15 Nov 188 1,699  
14 Nov 188  1,699
13 Nov 188  1,699
12 Nov 188  1,699
11 Nov 188  1,706
8 Nov 1,706
7 Nov 181  1,706
6 Nov 174  1,699
5 Nov 174  1,699
4 Nov 174  1,706
1 Nov 167  1,713
 
 
 
 
 
 
 
 

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
13-Dec 16.945    
12-Dec 16.860 16.865 16.795
11-Dec 16.685 16.655 16.690
10-Dec 16.640 16.665 16.640
09-Dec 16.600 16.625 16.625
06-Dec 16.935 16.950 16.555
05-Dec 16.845 16.865 16.905
04-Dec 17.145 17.155 16.975
03-Dec 17.010 17.000 17.130
02-Dec 16.865 16.890 16.950

LME Silver Reference prices: Hisotrical 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.