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 21 September 2018

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 14.325
Month 1 14.345
Month 6 14.505
Month 12 14.720
Month 24 15.205

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
19 Sep 233     -
18 Sep 229 5,919
17 Sep 266 5,951
14 Sep 499  6,001
13 Sep 320  5,992
12 Sep 289  6,072
11 Sep 513  6,002
10 Sep 510 5,896
7 Sep 363 5,805
6 Sep 312 5,879
5 Sep 186  6,084
4 Sep 822
6,720
3 Sep 1,841 6,676

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 Sep 14.375  14.355 14.320
20 Sep 14.230  14.235 14.290
19 Sep 14.175  14.185 14.220 
18 Sep 14.190  14.220 14.190
17 Sep 14.140  14.165 14.195
14 Sep 14.215  14.220 14.190
13 Sep  14.250  14.235  14.315 
12 Sep  14.185  14.145  14.135 
11 Sep  14.115  14.125  13.985
10 Sep 14.240 14.220  14.200 
07 Sep  14.160  14.190  14.225 
06 Sep 14.280 14.270  14.255 
05 Sep 14.150 14.170 14.195
04 Sep  14.280  14.245  14.060 
03 Sep 14.520 14.520 14.505

 

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.