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 22 March 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 15.405
Month 1 15.430
Month 6 15.620
Month 12 15.845
Month 24 16.250

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
20 Mar 178    - 
19 Mar 123  3,852 
18 Mar 1,043 4,085
15 Mar 487  3,825
14 Mar 1,336  3,854 
13 Mar 410  3,504
12 Mar 284  3,770 
11 Mar 880 3,768 
8 Mar 148  3,444 
7 Mar 127  3,465
6 Mar 140 3,505 
5 Mar 281  3,556 
4 Mar 244  3,600 
1 Mar 347  3,533 
 
 
 
 
 
 
 
 

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

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LME Silver reference prices, US$ per fine troy ounce

 LME Silver
Date AM Midday   PM
22-Mar 15.485 15.470 15.390
21-Mar 15.605 15.540 15.465
20-Mar

15.295

15.320 15.310
19-Mar 15.395 15.395 15.390
18-Mar 15.335 15.350 15.395
15-Mar  15.360  15.375  15.325 
14-Mar 15.260 15.240 15.150
13-Mar 15.525  15.525 15.465
12-Mar 15.415  15.415 15.385
11-Mar 15.315 15.305 15.265
08-Mar 15.125  15.100 15.270
07-Mar 15.085 15.080 14.995
06-Mar  15.095 15.105  15.090 
05-Mar 15.090 15.100 15.055
04-Mar 15.150 15.155 15.110 
01-Mar 15.565 15.555 15.495 

 

LME Silver Reference prices: Current calendar year

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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.