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 21 January 2020

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 17.830
Month 1 17.855
Month 6 18.000
Month 12 18.185
Month 24 18.505

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
20 Jan 98     - 
17 Jan 0 884
16 Jan 98  884
15 Jan 298  884
14 Jan 698 1,228
13 Jan 40  1,179
10 Jan 40  1,189
9 Jan 40  1,189
8 Jan 40  1,189
7 Jan 40  1,189 
6 Jan 40  1,189
3 Jan 35  1,189
2 Jan 1,184
31 Dec 1,179
30 Dec 1,179 
27 Dec 1,179
24 Dec 98 1,179
23 Dec 98  1,179
20 Dec 98 1,179
19 Dec 98  1,179
18 Dec 98  1,179
17 Dec 108 1,579 
16 Dec 98  1,579
13 Dec 98 1,579
12 Dec 98  1,579
11 Dec 103  1,579
10 Dec 98 1,579
9 Dec 103  1,579
6 Dec 98 1,579
5 Dec 98  1,579
4 Dec 103  1,579
3 Dec 98  1,579
2 Dec 98  1,579
 
 
 
 
 
 
 
 

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
22-Jan 17.830 17.790  
21-Jan 18.020 18.005 17.715
20-Jan 18.055 18.055 18.055
17-Jan 18.030 18.050 18.030
16-Jan 17.960 17.995 17.980
15-Jan 17.825 17.835 17.895
14-Jan 17.790 17.775 17.845
13-Jan 17.970 17.995 17.965
10-Jan 17.925 17.925  18.010
09-Jan 17.955 17.915 17.940
08-Jan 18.420 18.410 18.345
07-Jan 18.140 18.150 18.170
06-Jan 18.380 18.415 18.305
03-Jan 18.150  18.200 18.100
02-Jan 17.910 17.930 17.980

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.