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 25 September 2020

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 22.990
Month 1 22.995
Month 6 23.045
Month 12 23.100
Month 24 23.170

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
23 Sep  0    - 
22 Sep  0 275 
21 Sep  0 275 
18 Sep  0 275 
17 Sep  0 275 
16 Sep  0 275 
15 Sep  0 305 
14 Sep  0 305 
11 Sep  0 305 
10 Sep  0 305 
09 Sep  0 305 
08 Sep  0 305 
07 Sep  0 305 
04 Sep  0 305 
03 Sep  0 305 
02 Sep  0 305 
01 Sep  0 305 
28 Aug  0 305 
27 Aug  0 305 
26 Aug  0 305 
25 Aug  0 305 
24 Aug  0 305 
21 Aug  0 305 
20 Aug  0 305 
19 Aug  0 305 
18 Aug  0 315 
17 Aug  0 315 
14 Aug  0 315 
13 Aug  0 315 
12 Aug  0 315 
11 Aug  0 315 
10 Aug  0 315 
07 Aug  0 315 
06 Aug  0 315 
05 Aug  0 315 
04 Aug  0 315 
03 Aug  0 315 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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 LME Silver Volumes and Market Open Interest

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LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday   PM
25-Sep 23.125 22.740 23.000
24-Sep 22.145 22.275 22.480
23-Sep 23.685 23.610 23.260
22-Sep 24.295 24.345 24.280
21-Sep 26.360 26.375 25.610
18-Sep 27.140 27.045 26.935
17-Sep 26.760 26.775 26.560
16-Sep 27.365 27.305 27.235
15-Sep 27.380 27.530 27.110
14-Sep 26.780 26.835 27.165
11-Sep 26.865 26.910 26.895
10-Sep 26.970 27.085 27.405
09-Sep 26.690 26.570 26.920
08-Sep 26.815 26.680 26.220
07-Sep 26.860 26.785 26.825
04-Sep 26.815 26.800 26.680
03-Sep 27.110 26.970 27.345
02-Sep 28.015 27.740 27.445
01-Sep 28.780 28.870 28.335

LME Silver Reference prices: Historical data

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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.