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 May 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 14.625
Month 1 14.650
Month 6 14.815
Month 12 15.015
Month 24 15.370

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
21 May 122    -   
20 May 92 1,992 
17 May 193  2,033
16 May 104  1,985
15 May 74  1,978 
14 May 96  3,369
13 May 84  3,394 
10 May 68  3,457
9 May 749  3,562
8 May 533  3,512
7 May 166  3,354 
3 May 248  3,817 
2 May 1,197  3,801 
1 May 265  3,135 
 
 
 
 
 
 
 
 

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

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LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday   PM
23-May 14.465  14.480 14.550
22-May 14.445  14.440 14.440
21-May 14.435 14.435 14.415
20-May 14.410 14.415 14.425
17-May  14.495  14.475  14.435
16-May  14.790  14.805  14.720
15-May  14.840  14.815  14.805
14-May  14.765  14.770  14.825 
13-May 14.675 14.665 14.730
10-May 14.790 14.785 14.775
09-May 14.825 14.825 14.785
08-May 14.925  14.925 14.900
07-May 14.870 14.845 14.870
03-May  14.625  14.645  14.875 
02-May  14.650  14.680  14.645 
01-May 14.930 14.890  14.820 

LME Silver Reference prices: Current calendar year

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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.