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.

US$/tonne for 18 August 2017

LME CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 17.030
Month 1 17.050
Month 6 17.190
Month 12 17.340
Month 24 17.675

LME CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
16 Aug  636     -
15 Aug 308 
2,110    
14 Aug 1,289
2,191 
11 Aug  599
2,355
10 Aug  389
2,427
09 Aug  964 
2,822 
08 Aug  2,639 
3,133 
07 Aug  2,606 
3,786 
04 Aug  728 
2,821 
03 Aug  2,834 
2,842 
02 Aug 555  2,408 
01 Aug  260  2,326 

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 PRICE GRAPH

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 fine 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 fine troy ounce
$0.00001 per fine troy ounce
(Carries) $0.00001 per fine troy ounce $0.00001 per fine 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.

Useful links

Contact us

For further information please email our LMEprecious team.