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 15 December 2017

LME SILVER CLOSING PRICES, US$ PER TROY OUNCE

Contract Price
SPOT 16.030
Month 1 16.030
Month 6 16.165
Month 12 16.330
Month 24 16.695

LME SILVER CLOSING PRICES, US$ PER FINE TROY OUNCE

LME Silver Volumes and Market Open Interest

Trading date Volume1 Open Interest2 
13 Dec  1,403     - 
12 Dec  895  3,345
11 Dec  180  3,456
08 Dec  457  3,691
07 Dec   1,698  3,727
06 Dec  956  3,389 
05 Dec  543  3,860 
04 Dec  1,868  4,489
01 Dec  1,969  3,736

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 
15 Dec 15.965  15.980 16.025
14 Dec 16.050 16.050 15.865 
13 Dec 15.715  15.700 15.695
12 Dec 15.780  15.775 15.690
11 Dec 15.870  15.835 15.780 
08 Dec 15.780 15.800  15.825
07 Dec  15.890  15.900  15.825 
06 Dec  16.125  16.115  16.005
05 Dec  16.310  16.290  16.165
04 Dec  16.350  16.310  16.310
01 Dec 16.445  16.400 16.360

 

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 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.