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.

US$/tonne for 16 October 2017

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 17.360
Month 1 17.380
Month 6 17.505
Month 12 17.680
Month 24 18.045

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

5,800
Trading date Volume1 Open Interest2 
12 Oct  521     - 
11 Oct  93  5,800 
10 Oct  164  5,820
09 Oct  385  6,507
06 Oct  581  6,417
05 Oct 2,598 7,698  
04 Oct 3,317 6,855
03 Oct  441  4,283
02 Oct  480  4,798

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 
29 Aug 17.560 17.535 17.595
30 Aug 17.430 17.435 17.425
31 Aug  17.405  17.405  17.470 
01 Sep  17.535  17.530  17.570 
04 Sep 17.845 17.830 17.830
05 Sep 17.840 17.890 17.975
06 Sep 17.955 17.955 17.940
07 Sep 17.900 17.800 18.030
08 Sep 18.140 18.190 18.030
11 Sep 17.880 17.850  17.860 
12 Sep 17.795 17.755  17.825
13 Sep 17.925 17.935 17.770 
14 Sep  17.730  17.735  17.740 
15 Sep 17.735  17.700 17.650
18 Sep 17.525  17.520 17.360
19 Sep 17.180  17.165 17.245
20 Sep 17.370  17.370 17.265
21 Sep 16.980  16.955 16.960 
22 Sep 17.010  16.995 16.965 
25 Sep  16.975  16.950  16.890 
26 Sep  17.110  17.040  16.935
27 Sep  16.845  16.870 16.770
28 Sep 16.810  16.815 16.795
29 Sep 16.840  16.865 16.755
02 Oct  16.585  16.615  16.630 
03 Oct  16.600 16.610 16.620 
04 Oct  16.760 16.820  16.610
05 Oct  16.680  16.675  16.695 
06 Oct  16.590  16.620  16.365 
09 Oct  16.910  16.915  16.925 
10 Oct  17.100  17.145  17.180 
11 Oct  17.145  17.140  17.140 
12 Oct  17.215  17.215  17.130 
13 Oct  17.240  17.235  17.335 
16 Oct  17.425  17.425  17.430 

 

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 fine 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 fine troy ounce
$0.00001 per fine troy ounce
(Carries) $0.00001 per fine troy ounce $0.00001 per fine 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.

Contact us

For further information please email our LMEprecious team.