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 16 January 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 15.605
Month 1 15.645
Month 6 15.845
Month 12 16.090
Month 24 16.595

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
14 Jan 1,317    - 
11 Jan 415  4,430 
10 Jan 1,045  5,268 
9 Jan 1,812  4,690 
8 Jan 660  3,945 
7 Jan 286  3,768 
4 Jan 46  3,777 
3 Jan 67  3,768
2 Jan 66 3,788
 
 
 
 
 
 
 
 

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

LME Silver Volumes and Market Open Interest: Current calendar year

LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday   PM
16-Jan  15.590  15.555  15.620
15-Jan  15.560  15.600 15.685
14-Jan  15.585  15.610  15.625
11-Jan  15.690  15.685  15.570 
10-Jan  15.710  15.710  15.665 
09-Jan  15.645  15.635  15.735 
08-Jan 15.645  15.695 15.730 
07-Jan 15.765  15.740 15.715 
04-Jan 15.760 15.715 15.630
03-Jan 15.575 15.565 15.665
02-Jan  15.480  15.430 15.460

 

LME Silver Reference prices: Current calendar year

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.