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 February 2018

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 16.470
Month 1 16.490
Month 6 16.645
Month 12 16.885
Month 24 17.360

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
19 Feb 80    -
16 Feb 417 4,881
15 Feb 855 4,957
14 Feb 563 4,774
13 Feb 760 4,898
12 Feb 1,537 5,018
09 Feb 850 4,813
08 Feb 1,849 4,778
07 Feb 1,749 4,542
06 Feb 1,421 4,700
05 Feb  707 3,882
02 Feb 491  3,971
01 Feb  605 4,059

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 
21 Feb  16.460  16.445  16.580 
20 Feb 16.480 16.565
16.625
19 Feb  16.690  16.725  16.670 
16 Feb 16.895 16.840
16.755
15 Feb  16.930  16.835  16.815 
14 Feb 16.590  16.595 16.635
13 Feb 16.645 16.615 16.535
12 Feb  16.440  16.415 16.545
09 Feb 16.400  16.345 16.315
08 Feb 16.295 16.300 16.400
07 Feb 16.690  16.690 16.425
06 Feb 16.880  16.830  16.680
05 Feb 16.795  16.870  16.845
02 Feb 17.140  17.150 16.805 
01 Feb  17.260  17.210  17.180 

 

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 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.