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 July 2018

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 15.535
Month 1 15.555
Month 6 15.730
Month 12 15.965
Month 24 16.435

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
18 Jul  115    - 
17 Jul 220 4,859
16 Jul 229 4,926
13 Jul 756 5,050
12 Jul 499 5,100
11 Jul 271 5,049
10 Jul 479 5,108 
9 Jul 208 4,949
6 Jul 299 4,999
5 Jul 402 5,182
4 Jul 536 5,429
3 Jul 500 5,152
2 Jul 366 4,893

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 
20 Jul 15.395 15.365 15.465
19 Jul 15.265 15.275  15.275
18 Jul 15.460 15.430 15.435
17 Jul 15.835 15.775 15.660
16 Jul 15.830 15.800 15.790
13 Jul 15.820 15.805 15.780
12 Jul 15.885  15.845 15.925
11 Jul 15.950 15.930 15.910
10 Jul 15.995 15.920 16.045
09 Jul 16.180 16.200 16.190
06 Jul  16.020  16.005  15.995
05 Jul  15.975  15.970  16.015
04 Jul  16.060  16.045  16.065 
03 Jul  15.955  15.935  15.995 
02 Jul  15.960  15.970  15.875 

 

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.