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.

Data valid for 20 April 2018

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 17.155
Month 1 17.175
Month 6 17.360
Month 12 17.615
Month 24 18.155

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
19 Apr 1,892    -
18 Apr 584 5,314
17 Apr 728 5.695
16 Apr 367 5,464
13 Apr 350 5,594
12 Apr 699 5,808
11 Apr 1,587 5,913
10 Apr 558 5,490
9 Apr 286 5,467
6 Apr 250 6,073
5 Apr 351  6,662
4 Apr 1,901 7,054
3 Apr 2,383 5,713

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

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 
20 Apr  17.060  17.120  17.150
19 Apr  17.175  17.195 17.330
18 Apr 16.845 16.945 17.145
17 Apr 16.630 16.635 16.730
16 Apr 16.610 16.595 16.745
13 Apr 16.540  16.510 16.655
12 Apr 16.585  16.630 16.540
11 Apr 16.560  16.590  16.690 
10 Apr 16.510  16.495 16.575
09 Apr 16.370 16.340  16.420 
06 Apr 16.315 16.285 16.440
05 Apr  16.245  16.300  16.370
04 Apr 16.495  16.460 16.320
03 Apr 16.545 16.530 16.455

 

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.