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 17 September 2019

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 18.070
Month 1 18.105
Month 6 18.300
Month 12 18.490
Month 24 18.810

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
13 Sep 154    -   
12 Sep 224  2,066
11 Sep 151  2,088
10 Sep 186  2,067
09 Sep 172  2,074
06 Sep 243 2,113
05 Sep 290  2,116
04 Sep 209  2,112
03 Sep 190  2,098
02 Sep 176  2,091
 
 
 
 
 
 
 
 

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
17-Sep 17.865 17.850 17.885
16-Sep 17.815 17.835 17.810
13-Sep 18.160 18.130 18.060
12-Sep 18.205 18.175 18.250
11-Sep 18.140  18.150 17.990
10-Sep 17.980 18.005 18.115
09-Sep 18.155 18.165 18.125
06-Sep 18.170  18.140 18.740
05-Sep 19.325  19.225 18.990
04-Sep 19.315 19.320 19.370
03-Sep 18.500  18.470 18.855
02-Sep 18.350  18.350 18.470

LME Silver Reference prices: Hisotrical 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.